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Participation Eligibility & Contribution Limits (Astoria School District)




2019 403(b) TSA Announcement for Astoria


Supplemental Retirement Saving Opportunities

Astoria School District 1C (Astoria) offers an excellent voluntary program through which you may contribute a portion of your current income into supplemental retirement savings accounts. The Astoria supplemental retirement savings program is offered under Section 403(b) of the Internal Revenue Code, and is called the Tax-Sheltered Annuity Plan (TSA Plan). Astoria has contracted with Carruth Compliance Consulting (“CCC”) to act as the independent Third Party Administrator (TPA) for the TSA Plan.

All part-time and full-time employees are eligible to contribute.

You may begin making elective deferrals, change deferral amounts, change vendors, and/or discontinue deferrals in the TSA Plan at any time, subject to payroll deadlines. You may begin participating in the TSA Plan by establishing an investment account with an authorized vendor and then completing and submitting a salary reduction agreement via signed hard copy or online using CCC’s online enrollment system.

In addition to traditional pre-tax 403(b) supplemental retirement savings opportunities, the Astoria plan offers after-tax Roth 403(b) retirement savings opportunities. Roth contributions and attributable earnings must be maintained in separate designated Roth accounts.

Contribution Limits for 2019

  • The basic elective deferral limit for 2019 is the lesser of $19,000.00 or 100% of your compensation.

  • If your 50th birth date occurs on or before December 31, 2019, you are eligible to defer an additional $6,000.00, for a total of $25,000.00, provided your compensation is large enough to allow the extra deferral.

Participant Responsibilities

Participants are responsible for monitoring account activity regularly for accuracy (e.g., deposits of your contributions), updating contact and beneficiary information. If you believe that a problem may exist, please contact CCC (see contact information below) or your employer.

Limits described above apply to your total contributions to all 403(b) Plans in which you participate during a given year. If you have more than 50% control of a corporation, partnership, and/or sole proprietorship, then the above limit is based on contributions made to this Plan as well as contributions made to any 403(b) or qualified plans maintained by the businesses you control. If you control another business that maintains a plan in which you participate, then you are responsible for providing CCC or your employer with information necessary to apply the annual contribution limits.

Enrollment and Plan Information Available Online

Comprehensive 403(b) TSA Plan information is available on CCC’s website (www.ncompliance.com), including enrollment steps, a salary reduction agreement form (to start, change, or stop contributions), educational materials, vendor and transaction information. Additionally, employees may create Online Accounts to monitor participation activities associated with the Astoria 403(b) Plan, including contributions to vendors, account balances (if provided to CCC by vendors), and various transactions processed on your behalf by CCC. Moreover, once you have created your Online Account, you have the option to submit Salary Reduction Agreements (SRAs) online.

Contact CCC with any questions at 503-968-8961 or Toll-Free at 877-222-3090 or submit questions via the “Contact Us” page on www.ncompliance.com.

Click here for rendered version of 2019 Eligibility & Limits Announcement for Astoria


2018 403(b) TSA Announcement for Astoria


Supplemental Retirement Saving Opportunities

Astoria School District 1C (Astoria) offers an excellent program through which you may contribute a portion of your current income into supplemental retirement savings accounts. The Astoria supplemental retirement savings program is offered under Section 403(b) of the Internal Revenue Code, and is called the Tax-Sheltered Annuity Plan (TSA Plan). Astoria has adopted the services of Carruth Compliance Consulting, Inc. (CCC), an independent third party administrator, to provide compliance and administration services for the 403(b) TSA Plan.

All part-time and full-time employees are eligible to contribute.

You may begin making elective deferrals in the TSA Plan at any time by establishing an investment account with an authorized vendor and then completing and submitting a salary reduction agreement via signed hard copy or online using CCC’s online enrollment system.

In addition to traditional pre-tax 403(b) supplemental retirement savings opportunities, the Astoria plan offers after-tax Roth 403(b) retirement savings opportunities. Roth contributions and attributable earnings must be maintained in separate designated Roth accounts.

Contribution Limits for 2018

The basic elective deferral limit for 2018 is the lesser of $18,500.00 or 100% of your compensation.

If your 50th birth date occurs on or before December 31, 2018, you are eligible to defer an additional $6,000.00, provided your compensation is large enough to allow the extra deferral.

Plan Information Is Available on the Web

Comprehensive information about the Astoria TSA Plan is available on the web at www.ncompliance.com, including enrollment procedures (Astoria allows you to create a login account on the CCC website to enroll online and monitor activity in your accounts), a salary reduction agreement form (if you prefer not to enroll online), vendor information, transaction information, and educational materials. If you are starting contributions to a new vendor, you must provide documentation that you have established an account with the vendor. Subject to payroll deadlines, you may change vendors and/or increase, decrease, or stop contributions at any time by submitting new salary reduction agreements. Educational information is available on the CCC website to make it easy for you to learn more about supplemental retirement savings plans and retirement readiness. We encourage you to explore this information at www.ncompliance.com/education.aspx.

Participant Responsibilities

When contributing to an employer-sponsored supplemental retirement savings plan, it is important that you monitor your account activity regularly for accuracy (e.g., deposits of your contributions) and make sure your contact information and beneficiary information are up-to-date. If you believe that a problem may exist, please contact the Third Party Administrator (see contact information below) or your employer immediately.

Employee Login Accounts Available

Employees and former Astoria employees may create Online Accounts to monitor participation activities associated with the Astoria 403(b) Plan. Establishing an online account will allow you to review information about your participation in the 403(b) Plan, including contributions to vendors, account balances (if provided to CCC by vendors), and various transactions processed on your behalf by CCC.

Additional Information Is Available from Third Party Administrator

Astoria has adopted the services of Carruth Compliance Consulting, Inc. (CCC), an independent third party administrator, to provide compliance and administration services for the 403(b) TSA Plan. For questions regarding your Employer’s TSA Plan, please contact CCC at:

Carruth Compliance Consulting, Inc.
11515 SW Durham Road, Suite E-10
Tigard, OR 97224
Phone: 503-968-8961
Toll-Free: 877-222-3090