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Ukiah School District Plan Document Page

CCC's Relationship with Ukiah

The Plan Document is maintained by Carruth Compliance Consulting, Inc. (CCC) for Ukiah School District on a contractual basis, however the plan is self-administered by Ukiah. Any questions or items requiring Plan Administrative Approval should be directed to the district.

Plan Document for Ukiah

The Ukiah 403(b) Plan Document is a multi-part document that includes an adoption agreement that memorializes the optional features the employer offers.

View/ Download Ukiah School District 80R 403(b) Plan Document.

 

Participation Eligibility and Contribution Limits (Ukiah School District)


2020 403(b) Announcement for Ukiah


Supplemental Retirement Saving Opportunities

Ukiah School District 80R (Ukiah) offers an excellent voluntary program through which you may elect to contribute a portion of income into supplemental retirement savings accounts: the 403(b) Plan. Ukiah has contracted with Carruth Compliance Consulting (“CCC”), a Third Party Administrator (TPA), to provide information and support for the 403(b) Plan.

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

You may begin, change, and/or cancel deferrals in the 403(b) Plan at any time, subject to payroll deadlines. You may begin participating in the 403(b) Plan by establishing an account with an Active Payroll Slot Vendor, then completing and submitting a salary reduction agreement via signed hard copy to your employer.

Optional Features Available in the Plan

Ukiah has adopted the CCC “Plan Document Only Services,” with the result that your Plan will have exactly two optional features, as follows:

  1. Age 50+ Catch-Up Provision (see the Contribution Limits section below)
  2. In-Service Distributions After Age 59-1/2

Optional Feature 2 above allows participants who reach age 59-1/2 to be eligible for distributions from their accounts, irrespective of their employment status.

You are able to begin and/or continue contributions to 403(b) Plan accounts, but you are not able to withdraw, exchange, or transfer accumulated benefits until you become eligible for a distribution. Distributable events include:

  • Attainment of age 59-1/2
  • Severance from employment
  • Death
  • Disability


403(b) Contribution Limits for 2020

  • Elective Deferral Limit: $19,500.00*
  • Age 50 Catch-up: An additional $6,500.00, for a total of $26,000.00* (Applies to Employees Age 50 or over by 12/31/2020)
  • *Note: Contributions to the plan above cannot exceed employees’ total compensation.

    Participant Responsibilities

    • Participants are responsible for monitoring account activity regularly for accuracy (e.g., deposits of your contributions), updating contact and beneficiary information.
    • Contribution limits are specific to you, the taxpayer. If you participate in another organization’s retirement plan in addition to participating in the Ukiah Plan, please note:
      • 403(b) Elective Deferral Limits described above apply to your total deferrals to all 403(b), 401(k), and SARSEP plans in which you participate.
      • If you control an organization sponsoring a qualified defined contribution plan, all contributions made to that plan on your behalf must be aggregated with any 403(b) contributions at Ukiah for the IRC 415(c) limit (this applies to the aggregate of elective deferrals and employer contributions, the limit is $57,000.00 in 2020, those Age 50 may defer an additional $6,500.00).
      • Note: 457(b) contributions do not need to be aggregated with 403(b) contributions for limit consideration.

Contact the District Office for Additional Information

Click here for rendered version of 2020 Eligibility & Limits Announcement for Ukiah


2019 403(b) TSA Announcement for Ukiah


Supplemental Retirement Saving Opportunities

Ukiah School District 80R (Ukiah) offers an excellent voluntary program through which you may contribute a portion of your current income into supplemental retirement savings accounts. The Ukiah 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). Ukiah 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.

Optional Features Available in the Plan

Ukiah has adopted the CCC “Plan Document Only Services,” with the result that your Plan will have exactly two optional features, as follows:

  1. Age 50+ Catch-Up Provision (see the Contribution Limits section below)
  2. In-Service Distributions After Age 59-1/2

Optional Feature 2 above allows participants who reach age 59-1/2 to be eligible for distributions from their accounts, irrespective of their employment status.

You are able to begin and/or continue contributions to TSA Plan accounts, but you are not able to withdraw, exchange, or transfer accumulated benefits until you become eligible for a distribution. Distributable events include:

  • Attainment of age 59-1/2
  • Severance from employment
  • Death
  • Disability


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 your vendor(s) 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.

Contact the District Office for Additional Information


To Be Determined
 

Page Last Modified: 4/23/2020 2:53:46 PM