Retirement plans 403b
Retirement plans

403(b)

A versatile retirement savings plan suited for educators.

Instruction: Change of selection promptly shifts the focus to a matching heading further down, on the same page.

Overview

We are a proud strategic partner and an active member of the National Tax-Deferred Savings Association, the nation’s only independent, non-profit association dedicated to the 403(b) marketplace. Since 1983, we have been working with financial professionals to help participants get more out of retirement.

Invesco is a global investment management firm with decades of experience strategically investing clients’ money. We have more than $7 billion 403(b) assets under management1 (AUM) and service almost 11,000 employers and more than 111,000 participants (as of December 31, 2023). Invesco is dedicated to delivering an investment experience that helps people get more out of retirement.

Employee contribution limits

Salary deferrals are employee contributions that can be deferred as pre-tax, Roth (after-tax) dollars, or both. The most a participant can defer in 2025 for salary deferrals is limited to the lesser of 100% of compensation or:

  • $23,500 if under age 50.
  • $31,000 if age 50 -59 (includes, $7,500 in catch-up contributions).
  • $34,750 if ages 60 – 63. Beginning January 1, 2025, higher catch-up contribution up to $11,250 is permitted for these participants. Contributions may begin January 1 of the year the participant turns 60 and must cease by December 31 of the year they turn 63.
  • $31,000 if age 64+ (includes, $7,500 in catch-up contributions).

If employer contributions are permitted, the overall maximum contribution that can be deposited between employee salary deferrals and employer contributions is $70,000. Catch-up contributions are not included in the determination of this amount. 

Administrative costs

  • The annual retirement account maintenance fee of $30 is paid by the participant for balances under $50,000. The fee is waived for balances of $50,000 and over.1
  • Loans2 have a one-time initiation fee of $75 but no ongoing maintenance fee.

Invesco’s competitive edge

  • Our mutual fund offerings span every major asset class, including US and international equity and fixed income portfolios. 
  • You can invest in share classes A, C, and R.
  • We process traditional 403(b), Roth 403(b), and after-tax contributions.2
  • We have the ability to process loans.2
  • You can count on Invesco to keep you informed of changes that may impact your retirement plan. Also, we evaluate technology and recordkeeping needs to evolve our tools and support to financial professionals, 403(b) plan sponsors, and participants.
  • We make it easy to work with plan sponsors by partnering with the major 403(b)-focused third-party administrators (TPA) and having payroll slots nationwide.
  • Our level of experience and knowledge of the 403(b) marketplace makes us a trusted 403(b) partner. 

Work with your financial professional

Optimize your retirement by working with your financial professional to select an asset allocation that aligns with your investment and risk objectives.

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Account access and support

Individual investor access

Manage your individual account online and explore investment insights and market commentary.

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Plan sponsor access

Retirement Plan Manager is an online tool that allows sponsors to submit and fund payroll contributions and generate reports.

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Live support

Speak with a Client Services representative for account assistance, Monday through Friday, from 7:00 a.m. to 6 p.m. CT.

Call us at 800 959 4246

Automated investor support

Obtain fund share price, check account balance, and make account transactions 24 hours a day, seven days a week.

Call us at 800 245 5463

Footnotes

  • 1

    The annual fee is waived across all retirement account types if the total assets held by the participant in any retirement or non-retirement accounts held directly at Invesco, excluding 529 plans, is $50,000 or greater on the date fees are assessed. Fund expenses apply.
  • 2

    Must be a permitted feature of the plan. Will be found in plan documents.