A 457 plan is a type of defined contribution plan that allows employees to save for retirement on a tax-deferred basis. Similar to a 401k plan, employees can opt to divert part of their salary into the plan, and the money is automatically deducted from their paycheck before taxes are taken out. Employees can invest the contributions in an array of mutual fund options. The interest and earnings on that money are not taxed until funds are withdrawn at retirement. The annual limit for 2023 is $22,500, with a $7,500 catch up provision for people aged 50 and above.

The 457 Plan is administered by Mission Square. Employees may enroll in the plan, change their contribution amount and mutual fund elections any time during the year.

• Employees may conveniently access and manage their accounts on-line at https://www.missionsq.org

• To enroll for the first time, employees can go to https://retirement.financialtrans.com/msq/

Note: The Alliance 457 Plan number is 307041

The Alliance helps employees save for retirement by contributing 10% of the employee’s gross pay to a 401a retirement account, also administered by Mission Square. Employees are eligible and fully vest after one year of continuous employment with the Alliance.

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How to Enroll Online
457 Deferred Compensation Plan Document
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