The CalPERS 457 Plan’s Self-Managed Account
now offers even more investment choices

When it comes to investing, people have different levels of risk tolerance and experience making investment-related decisions. Some don’t have the experience or knowledge to develop and manage an investment portfolio. Others prefer to select and actively manage their own mix of investments. Schwab Personal Choice Retirement Account^® (PCRA) is a self-managed account option in the CalPERS 457 Plan that is suitable for knowledgeable investors who understand the risks associated with many of the investment choices available through PCRA and seek to complement their core investments in the Plan.

The enhanced PCRA provides participants with greater access to investments. That includes more than 8,700 no-load mutual funds from over 600 well-known fund families, including over 2,700 funds typically available only to institutional clients. It includes over 3,800 mutual funds with no-loads and no-transaction fees¹. Other investments also include individual stocks from all the major exchanges, bonds and other fixed income investments, CDs, and money market funds. Please note, however, that the investments available through PCRA are not selected, reviewed, or monitored by CalPERS.

CalPERS 457 Plan participants will be notified about the additional investment options that are now available through PCRA. For your eligible non-participating employees, though, we encourage you to use this enhancement as another way to help promote enrollment and participation in the CalPERS 457 Plan. You and your employees can learn more by reviewing the Self-Managed Account Overview. Your dedicated Account Manager¹ can also help educate your employees about their saving and investing options on the journey to and through retirement. Call 888-713-8244 today to discuss ways your Account Manager can provide retirement education to your employees.

1 For participants who utilize the Personal Choice Retirement Account (PCRA), the following fees and conditions may apply:

Trades in no-load mutual funds available through Mutual Funds OneSource service (including Schwab Funds) as well as certain other funds, are available without transaction fees when placed through schwab.com or our automated phone channels. Schwab reserves the right to change the funds we make available without transaction fees and to reinstate fees on any funds. Funds are also subject to management fees and expenses. Charles Schwab & Co., Inc., member SIPC, receives remuneration from fund companies for record keeping, shareholder services and other administrative services for shares purchased through its Mutual Fund OneSource service. Schwab also may receive remuneration from transaction fee fund companies for certain administrative services.

2 Information from registered Plan Service Representatives is for educational purposes only and is not legal, tax or investment advice. Local Plan Service Representatives are registered representatives of Voya Financial Advisors, Inc. (member SIPC).

Schwab Personal Choice Retirement Account (PCRA) is offered through Charles Schwab & Co., Inc. (Member SIPC), the registered broker/dealer, which also provides other brokerage and custody services to its customers. ©2025 Charles Schwab & Co., Inc. All rights reserved. Used with permission. Charles Schwab and Voya are separate and unaffiliated and are not responsible for each other’s policies or services.

Confirm your FICA status with CalPERS

This month, CalPERS will email a survey to all agency contacts to help implement the Roth catch-up contribution provision for all FICA-eligible agencies. While implementation of and compliance with Section 603 of the SECURE 2.0 Act resides at the agency level, it will only apply to agencies who pay into the Federal Insurance Contributions Act (FICA). For tracking and documentation purposes, all agencies that have adopted the CalPERS 457 Plan are required to reply to the survey even if they are not FICA-eligible. For agencies that do pay into FICA, CalPERS will provide guidance in the coming months to help you implement this change effective January 1, 2026.

We thank you for your assistance in completing and returning our agency survey in a timely manner. For questions about the SECURE 2.0 Act’s impact on your agency’s CalPERS 457 Plan, contact CalPERS by email at CalPERS_457_Plan@calpers.ca.gov or call 800-696-3907.

Help your employees focus
on their finances and future
during America Saves Week

America Saves Week is April 7-11.

This year, the CalPERS 457 Plan encourages all CalPERS members to celebrate their future by taking small steps to help give themselves more confidence with money. Luckily, there's more than one way for your employees to pay themselves first on the journey to a secure financial future.

The America Saves Week Flyer details ways your employees can focus on their finances and future to help them save for what matters most. We encourage you to share it with them. We also encourage you to call your dedicated Account Manager at 888-713-8244 to discuss ways to create additional educational opportunities for employees throughout the year. We’re here to help.

Information from registered Plan Service Representatives is for educational purposes only and is not legal, tax or investment advice. Local Plan Service Representatives are registered representatives of Voya Financial Advisors, Inc., member SIPC.

Get online enrollment reports for the CalPERS 457 Plan through Sponsor Web

Sponsor Web allows you to view participant and plan level information at any time. This can be helpful to access Participant Valuations and Loan Feedback Files. As the CalPERS 457 Plan continues to work toward making online enrollment the preferred option for employees who want to join the Plan, you can now access an Online Enrollment File through Sponsor Web that can complement the enrollment information you receive through myCalPERS. If you don’t have access to Sponsor Web, please email CalPERS_Plan_Admin@voya.com to request access.

As a reminder, functionality to enroll online on a Roth after-tax saving basis is still expected to be available this year. We encourage you to incorporate online enrollment into your payroll process as soon as possible. If you have questions about online enrollment, email us or call 800-696-3907 weekdays between 8 a.m. – 5 p.m. PT for a CalPERS 457 Plan representative.

View the updated schedule
of live CalPERS 457 Plan
webinars and on-demand videos

Different CalPERS 457 Plan webinars are presented at 12 p.m. by your dedicated Account Manager team every second Wednesday and first four Fridays of the month. Your employees are welcome to attend, even if they are not enrolled in or actively contributing to the CalPERS 457 Plan. Topics include:

> Bridging the Retirement Gap

> CalPERS Pension vs. CalPERS 457 Plan

> Staying the Course

> Exploring the Roth Option

> Retiree Connection

In addition to the live webinars, a series of on-demand videos focus on a variety of retirement planning topics. We encourage you to review the topics and watch the videos that may be of interest to your employees. If you’d like to discuss hosting any of these presentations online or in person, call your dedicated Account Manager at 888-713-8244 weekdays between 8 a.m. – 5 p.m. PT.

Schedule a CalPERS 457 Plan review to help satisfy your fiduciary responsibility

A review of your agency’s CalPERS 457 Plan is a great way to start the year. We can meet at a date and time that’s most convenient for you. Staying informed can help you satisfy your fiduciary responsibility to oversee the CalPERS 457 Plan at your agency, plus explore additional ways that we can help your employees achieve their retirement goals.

Email Dave Saavedra or call 916-795-3908 today to arrange a review.

Contact Us

CalPERS 457 Plan representatives are available for myCalPERS and payroll assistance. Email us or call 800-696-3907, Monday – Friday, 8 a.m. – 5 p.m. (Pacific Time).