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Steps to Enroll

1. Determine the Amount per Paycheck

The Eugene 4J 403(b) plan is a voluntary retirement plan option, you may contribute to this plan by deferring from your paychecks and contributing those funds (in an amount you specify) to an account held under a 403(b) Vendor with an Active Payroll Slot in the plan.

Traditional 403(b) accounts are tax deferred, meaning funds are deferred from your check to your investment account on a pre-tax basis. When you contribute to a Traditional 403(b) account, your net pay is not reduced by the full amount of your contribution (please see our net pay impact illustrations page for detailed examples).

Please note: There are annual (calendar year) contribution limits that apply.

2. Select A Vendor and Open an Account

You may select one or more vendors Eugene 4J 403(b) Vendors with Active Payroll Slots to contribute to by contacting the Vendor or representatives to open an account under Plan ID* assigned to Eugene 4J. Keep a copy of the documentation showing your newly assigned Account Number to evidence this step was completed.

*Please note: You must establish an account under the Eugene 4J 403(b) Plan specific Plan ID to begin deferrals. You may not defer to an account created under a prior/different employer's plan.

3. Complete a Salary Reduction Agreement and Submit it to Eugene 4J

Complete your 403(b) Participation Forms (SRA) form, print it, sign it, and submit it to Benefits Office at Eugene 4J, along with a copy of documentation that you have established an account with the vendor.

Eugene Public Schools 4J
Benefits Office
200 North Monroe Street
Eugene, OR 97402-4295

SRAs are subject to the established Payroll Cut Off Date. Salary reduction agreements received by the 15th of the month will be processed in the current month. Salary reduction agreements received after the 15th will be processed the following month.

Continuation Until Cancellation: The most recent 403(b) SRA document on file at Eugene Public Schools remains in effect until you cancel the agreement, change the contribution amount, or change the vendor via the submission of a new 403(b) SRA.

Eugene 4J May Reduce Or Suspend Contributions: Eugene Public Schools is required to avoid contributions that might exceed IRS limits. Consequently, the 403(b) SRA stipulates that Eugene 4J may reduce and/or suspend contributions to avoid excess deferrals over your contribution limit.

 

 

Page Last Modified: 9/1/2020 10:17:04 AM