Retirement plans 403(b)

A versatile retirement savings plan suited for educators.
Contact your financial professional Opens in a new tab
Man presenting to a group in a bright workspace.

Why partner with us Streamline 403(b) setup for clients

As an experienced industry provider in the 403(b) marketplace focused on non-ERISA plans1, Invesco has been partnering with financial professionals and major third-party administrators (TPAs) to help employees of public schools (grades K-12) and other charitable organizations save and invest. We make it easy to work with plan participants by partnering with the major 403(b)-focused TPAs and having payroll slots nationwide.

Partnership

As a leading independent global investment management firm, investors may benefit from our commitment to investment excellence, depth of investment capabilities, and organizational strength.

Management

We make it easy to manage your retirement plan with affordable solutions, dedicated service, and resources that support you and your financial professional.

Allocation

Explore our mutual fund offerings, which span every major asset class, including US and international equity and fixed income portfolios and target-risk funds.

What we offer 403 (b) plan features

Invesco partners with financial professionals and TPAs to support 403(b) non-ERISA plans for public schools and nonprofits, offering nationwide payroll access for easy participant engagement.

Salary deferrals are employee contributions that can be made on a pre-tax basis, as Roth2 (after-tax) contributions, or a combination of both. In some cases, Roth contributions may be required based on your income. The maximum amount you can contribute each year is based on your age and is limited to the lesser of 100% of your eligible compensation or the annual IRS limit. These limits may change annually.

  • Under age 50: Contribute up to the standard annual.
  • Age 503 and older: Make an additional “catch-up” contributions above the standard limit. 
  • Ages 60–632,4: If permitted by your employer, higher catch-up contribution during these years.
  • Age 64 and older: Standard catch-up contributions resumes.

* Effective 1/1/2026, individuals who earned FICA wages of $150,000 or greater as of 12/31/2025 must make catch-up contributions as Roth.

Create drawdown strategies with tax-free assets. Like a Roth IRA, contributed amounts are already taxed, but, unlike the Roth IRA, you have greater savings potential and no eligibility requirements. Tax-free earnings are accessible five years from the first contribution and when a triggering event occurs, such as age 59½, disability, or death.

  • 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.5
  • Loans2 have a one time initiation fee of $75; there are no ongoing maintenance fee.
Two people reviewing information in a laptop

Account access and support

Related insights

Other retirement plans

Explore our other retirement plans designed to help you get more out of retirement.

  • 1

    A non-ERISA 403(b) is a defined contribution plan available only to public schools and certain tax-exempt organizations that are defined by Section 501(c) of the Internal Revenue Code.
  • 2

    Optional plan feature and must be selected by the employer.
  • 3

    Contributions can begin, January 1 of the year the participant turns age 50.
  • 4

    Contributions may begin January 1 of the year the participant turns 60 and must cease by December 31 of the year they turn 63.
  • 5

    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.