403(b) Retirement Plan

The 403(b) can be an excellent way to save money for retirement and supplement your TRS Annuity. The 403(b) is a tax deferred retirement plan available to employees of educational institutions and certain non-profit organizations as determined by section 501(c)(3) of the Internal Revenue Code.

How a 403(b) Works

You will need to work with a Retirement Planner to complete the enrollment forms with the appropriate vendor. Once these are completed, you will submit a Salary Reduction Agreement (SRA) to the Districts Third-Party Administrator. Contributions to a 403(b) are made pre-tax basis or post-tax based upon the 403b type your setup.

Contribution Limits:

Participants may contribute up to $18,500 for year 2018.

Participants age 50 and older at any time during the calendar year are permitted to contribute an additional $6,000 in 2018, for a total of $24,500.

Additional policy information and links:

First Financial Administrators, Inc. – 403b Third Party Administrator
Customer Service: 1-800-523-8422
Distribution Fax: 1-866-265-4594
www.ffga.com

Website by SchoolMessenger Presence. © 2019 West Corporation. All rights reserved.