Retirement plans 403b
Retirement plans

403(b)

A versatile retirement savings plan suited for educators.

Overview

A 403(b) plan¹ is a defined contribution plan available only to public schools and certain tax-exempt organizations such as churches. It is one of the most effective ways to help build retirement savings because it allows participants to make contributions through convenient payroll deductions and control how contributions are invested through their investment allocations.

Invesco is a global investment management firm with decades of experience strategically investing clients’ money. We have more than $6 billion in assets under management (AUM) and service over 8,600 employers and more than 98,000 participants (as of December 31, 2022). Invesco is dedicated to delivering an investment experience that helps people get more out of retirement.
 

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.2
  • Loans3 have a one-time initiation fee of $75 but no ongoing maintenance fee.
Employee contribution limits
  • The most a participant under age 50 can contribute for 2023 is the lesser of 100% of compensation or $22,500 (indexed for inflation). 
  • Participants who are 50 and older are allowed to "catch up" by making additional contributions of $7,500 to a 403(b) for a maximum of $30,000 for 2023 (indexed for inflation).
  • The annual compensation limit for 2023 is $330,000.

Invesco’s competitive edge

  • Our mutual fund offerings span every major asset class, including US and international equity and fixed income portfolios and target-risk funds. 
  • You can invest in share classes A, C, and R.
  • We process Roth3 after-tax contributions in addition to traditional 403(b) contributions.
  • We have the ability to process loans.3 
  • 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 participants 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

    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 50(c)(3) of the Internal Revenue Code.
  • 2

    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.
  • 3

    Loans must be a feature selected by the employer. Must be a selected feature in the Invesco Solo 401(k)® Adoption Agreement.