SunAmerica 403(b)(7) Plan

About the Plan

A 403(b)(7) is a retirement plan for employees of a 501(c)(3) non-profit organization seeking to save for retirement through pre-tax payroll deductions.

Key Plan Benefits

  • Tax-deferred investing
  • Higher contribution limits than an IRA
  • No limit on percentage of salary deferral
  • Minimal record keeping and reporting requirements
  • Low administrative costs

Eligibility Requirements

All employees of a 501(c)(3) non-profit organization may be eligible to contribute. Employee eligibility may be designated by the employer.

Establishment and Funding

Salary deferral contributions must be made to the plan by January 30th of the following year. Contributions can vary by year. Minimum initial contribution is $250 per fund.

Employee Contribution Limits

An individual may contribute up to $18,000 ($24,000 if age 50 or older).

Employer Contribution Limits

An employer is not eligible to make a matching contribution to this plan.


Contact your Financial Representative or call the SunAmerica Retirement Plans Group at 800.858.8850 x6010 or Contact Us.

PLEASE NOTE: None of the information in this website should be considered legal and tax advice. You should consult your legal or tax advisers for information concerning your own specific tax situation. The forms and numbers shown in this website are for illustrative purposes only.