CCC provides a comprehensive web-based 403(b) Plan Document service and annual announcements to satisfy the meaningful notice of universal eligibility and to list contribution limits for the coming calendar year on a contractual basis. To the right you will find the participation eligibility policy for the St. Paul School District 403(b) TSA Plan and a link to the Plan Document. Please contact your Employer regarding enrollment procedures, Vendors holding Payroll Slots, or other aspects of administration of the 403(b) Plan.

The Plan Has Few Optional Features

Because the St. Paul School District 403(b) TSA Plan has so few participants, and because new IRS Regulations require significant Employer oversight responsibilities to administer a full-featured Plan, it would not be cost-effective for St Paul to offer a 403(b) Plan that allowed loans, hardship distributions, exchanges, transfers, rollovers, and other optional features generally available in 403(b) Plans. Therefore, the St Paul 403(b) Plan allows only the following two optional features (see Plan Document for details):

Age 50+ Catch-up Provision; and
In-Service Distributions After Age 59-1/2

St. Paul School District Participation Eligibility Policy

Any individual who receives a paycheck from St. Paul School District is eligible to make elective deferrals to the Employer’s 403(b) TSA Plan. This includes all regular full-time or part-time employees, all substitute teachers, and even student employees. St. Paul School District encourages you to take advantage of this excellent supplemental retirement savings plan.

Plan Document for St Paul

If you'd like to review St Paul official board-adopted Plan Document governing 403(b) policies for Employees of St Paul, you may do so here. The Plan Document is maintained by Carruth Compliance Consulting, Inc. (CCC) for St. Paul School District on a contractual basis.