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Tax Sheltered Annuity (TSA) Plan – 403(b)

One of the retirement options for benefit eligible employees at Eugene School District 4J is participation in a 403(b) plan.  Employees and the district can contribute to this plan.  The enrollment process is a bit different depending on your employment class.  Please see your section below as well as the Plan Administrator information for Carruth Consulting

Licensed and MAPS

For benefit eligible Licensed and MAPS Employee setting up a 403(b) is required as the district will contribute to this account on your behalf.  You are also able to contribute on a tax free basis.  Click on the link below to find a vendor partner to get your account set up and paperwork complete.  You can begin by downloading the enrollment form and following the directions for processing.

To participate you just have 3 easy steps:
1. Set up a 403(b) account with one of the authorized vendors from this list – Vendor Partners for TSA Plan
2. Complete a District 4J Salary Reduction Agreement form that can be found here :Licensed and MAPS TSA Plan Enrollment Form
3. Deliver the form to Financial Services to the Ed Center

Please refer to your bargaining unit contract or your benefit coordinator for additional details.

Classified

For benefit eligible Classified employees, participation is voluntary and your choices are a bit different.  If you elect to contribute the district will match a portion of your contribution.  Employee elections are done on a pre-tax basis.

To participate you just have 3 easy steps:
1. Set up a 403(b) account with one of the authorized vendors below
2. Complete a District 4J Salary Reduction Agreement form that can be found here: Classified TSA Plan Salary Reduction Form
3. Deliver the form to Financial Services to the Ed Center

There is not deadline to enroll in a 403(b), but signing up as soon as possible is the best choice you can make if you are serious about maximizing your retirement savings.

Here are the 3 vendors partners available for classified employees (in alphabetical order):

  1. American Century Investments:
    Main Customer Service line: 1-800-345-3533
  2. VALIC:
    Colin McDonnell – 541-912-7251
    Kathy Arendsen – 541-954-1602
    Kris Kartub – 541-515-0993
  3. Voya:
    Elle Brooks – 541-343-2928
    John Van Ravenhorst – 541-343-2928

Please refer to your bargaining unit contract or your benefit coordinator for additional details.

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403(b) TSA

Carruth Compliance Consulting (CCC)

CCC provides compliance assurance and plan administration services to the District on a contractual basis. CCC serves as a clearing house for administration of the District’s 403(b) Tax Sheltered Annuity Plan (TSA), providing employees with the information they need to take advantage of this tax deferred retirement savings plan.

CCC provides educational information about advantages of tax deferred savings in general, along with links to websites that provide useful commentary and tools. District policies, practices, and procedures are available online, along with enrollment steps, Salary Reduction Agreement forms, and instructions for changing investment companies or contribution amounts. CCC monitors contributions for IRS compliance and guarantees its calculations.

Independent Contractor:
Carruth Compliance Consulting, Inc.
11515 SW Durham Rd STE E-10
Tigard, OR 97224-3476

Click Here for information specific to 4J including vendor lists and enrollment forms

Email: cccinfo@ncompliance.com
toll free: 877-222-3090