PERA 401(k) [1]
All eligible employees can enroll in the PERA 401(k) plan. This is a defined contribution plan that employees can choose whether to contribute funds before or after tax.
- The pretax option lowers your taxable income now. You'll pay taxes on your distributions in retirement.
- The 401(k) offers a ROTH option. Consider the ROTH option if you want to contribute after tax, allowing for tax-free growth and tax-free distributions in retirement.
| Plan Features | 401(k) pretax and ROTH (after tax) | |
|---|---|---|
| Plan Administrator | PERA/Empower | |
| Who can participate? | All CU faculty and staff. | |
| How much can you contribute? |
2025 Maximum: $23,500 |
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| Minimum: N/A | ||
| 2025 Catch-up contributions: Ages 50-59 and 64+: $7,500 Ages 60-63: $11,250 |
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2025 Combined limits:
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| When are you vested? | Contributions will be 100% vested immediately. | |
| When can you take money out? | Qualifying distributions
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| Loans: Members can borrow from their account balances and pay back the loan with interest. See the enrollment guide [4] for details. |
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| Investment choices | You will have access to the PERAdvantage line of investments, Target Date Funds based on your expected retirement date as well as a self-directed brokerage account. See PERA's voluntary plan website [8] and related investment lineup [9]. PERA/Empower offers online advice at no cost and professional management for a fee. For more information, go to coperaplus.org [10], open the Investing drop-down menu and select Investment assistance or call 833-4-COPERA (833-426-7372). |
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| What are the fees? | The administrative fee is a flat rate of $1 per month. Participants also pay a 0.03% total asset-based fee. | |
Groups audience:
Employee Services