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Can I contribute to both the 403(b) Supplemental Retirement Plan (SRP) and the 457(b) Deferred Compensation Plan, in addition to the 403(b) BRP?

April 26, 2017compensation contribute Deferred Plan retirement plan SRP supplemental

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Can I contribute to both the 403(b) Supplemental Retirement Plan (SRP) and the 457(b) Deferred Compensation Plan, in addition to the 403(b) BRP?

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Yes. The plans have separate enrollment. The 403(b) Supplemental Plan and the 457(b) Deferred Compensation plan are voluntary (optional), and you may participate in either one or both plans. The federal government sets yearly limits on the amount of tax-deferred contributions an individual can contribute towards retirement or deferred compensation plans.