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New Service: Comprehensive Financial Planning

The WDC now has financial planners to help you build a financial plan that address all components of wealth management, including retirement, financial and personal goals, savings and income needs, risk management, and estate planning. Consulting with a WDC financial planner may be a helpful way to position yourself for a successful future.

Set up a meeting and learn more about this new, fee-based service. Visit this secure Empower Retirement webpage or call 1-833-301-9355.


  • $499 for a one-time plan or $299 plus $29 per month for ongoing access to a planner, with no minimum account balance required.
  • If you are enrolled in the WDC’s managed account service, My Total Retirement, the cost is $399 for a one-time plan or $199 plus $15 per month for ongoing access to a planner.

 Note: There is no guarantee provided by any party that participation in any of the advisory services will result in a profit. Investing involves risk, including possible loss of principal.

IRS Limits for 2022

The Internal Revenue Service limit on Section 457 deferrals for 2022 is $20,500 or 100% of your compensation (as defined by the Internal Revenue Code), whichever is less. This is a $1,000 increase from 2021.

The age 50+ catch-up contribution is $6,500 in 2022, the same as in 2021. This would equal a maximum possible contribution of $27,000 if you are age 50 or older during the 2022 calendar year.

The special catch-up contribution amount also increased for 2022; this means you can contribute an additional $20,500 in 2022 if you are within three years of normal retirement age, for a total maximum under the special catch-up option of $41,000. The additional amount you may be able to contribute under the special catch-up contribution will depend on the amount that you were able to contribute in previous years but did not.

Note: If you are eligible for both the age 50+ catch-up and special 457 catch-up, you may not take advantage of both in the same calendar year.

Annual Reminders: Review Savings Rate and Investment Allocation

Current WDC participants: When did you last increase your savings rate or look at your asset allocation? Log into your account to make an update, call the WDC at 877-457-9327 or visit www.wdc457.org.

Lower Fees in 2022!

Effective January 1, 2022, participant administrative fees for the Wisconsin Deferred Compensation Program (WDC) will be lowered. These fees cover the cost of WDC recordkeeping and related plan services. Lower fees mean more of your hard-earned money is working for you—and your financial future! Review the 2022 fee structure.

Schedule a Personalized Retirement Readiness Review

Did you know there are local WDC representatives around Wisconsin with whom you can review your specific retirement savings plan? During this review, you and the WDC advisor will review your account and investments, your savings rate, planned retirement age, and your overall retirement readiness to make sure your savings strategy is still on course. To schedule an online appointment with your local WDC representative, start here or call the WDC at 877-457-9327or visit www.wdc457.org.