The PERAPlus 401(k) and 457 Plans allow employees to save for retirement beyond their Colorado PERA benefit. All PERA employers offer the PERAPlus 401(k) Plan, but you can choose to also offer the PERAPlus 457 Plan and a Roth option.

There is no cost to the employer associated with affiliating with the PERAPlus 457 Plan or adopting the Roth option other than the cost to prepare and submit contribution reports to Empower, the recordkeeper for the PERAPlus Plans.

PERAPlus 457 Plan

The PERAPlus 457 Plan is an optional deferred compensation retirement savings plan under Section 457(b) of the Internal Revenue Code (IRC). You may affiliate at any time, and there is no minimum participation level.

Roth Option

The PERAPlus 401(k) and 457 Plans offer a Roth option. Unlike traditional PERAPlus 401(k)/457 pre-tax contributions, Roth contributions are taxed before the money is contributed to the Plan. Any earnings on Roth contributions grow tax-free and distributions will also be free of federal (and where applicable, state and local) income taxes, provided they are qualified distributions. You may adopt the Roth option at any time, and there is no minimum participation level.

The Roth option may require additional work if your payroll system is not already programmed to account for Roth contributions.

Get Started

Contact the PERA Defined Contribution Team for more information or to affiliate with the PERAPlus 457 Plan or to adopt the Roth option.

• 303-398-7665
• DefinedContribution@copera.org