The Wilbur D. May Museum at Rancho San Rafael has a wide range of historic artifacts
The Wilbur D. May Museum at Rancho San Rafael has a wide range of historic artifacts

What are the participation rates for the 457 and 401(a) plans?
Both the 457 and 401(a) plans are voluntary retirement plans that employees may utilize. Neither plan offers a matching contribution which means each plan is funded solely from employee contributions. The 457 plan has maintained a strong participation rate of nearly 70% for several years. The 401(a) plan is a supplemental plan and has limited enrollment opportunities which make it appealing for a smaller number of employees.