Savings Plus Program

• Eligible employees may participate in the IRC 401(K) Thrift Plan and the IRC 457 Defferred Compensation Plans.
• Allows a maximum pre-tax deduction of $20,500 for the 401(K) plan and $20,500 for the 457 Plan for 2021.
• There is no employer matching contribution
• Administered by CalHR/State of California (CSU does not administer these plans).
• Nationwide is the SSP Plan Administrator effective 1/1/2016.

Enrollment Information:

• Go to the CalHR Savings Plus Program official website to learn about the program, maximum contributions amounts, catch-up allowances and adminstration of the program.
• Follow the steps to enroll online.
• Enrollment and changes are handled between employee and CalHR.

For additional information regarding this program, including maximum contribution amounts, catch-up allowances, and administration of the Savings Plus Program, refer to the Savings Plus website.