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Junction City 403(b) Plan Information Summary

General Description

Junction City sponsors a 403(b) plan to offer supplemental tax-advantaged retirement savings opportunity in addition to other plans that may be available (such as the state retirement plan). All part-time and full-time employees are eligible to contribute to the TSA and DCP Plans, except student employees who are exempt from “FICA” taxation.

403(b) Plan Document Features

Catch-ups under the Plan: *15 Years-of-Service Catch-up Elective Deferral Contributions *Age 50 Catch-up Elective Deferral Contributions Contributions to the Plan: *Direct Rollovers Into the Plan *Employer Contributions Allowed *Employer Post Severance Contributions Allowed *Exchanges Within the Plan *Roth Contributions Other Plan Transactions: *Hardship Distributions *In-service Distributions After Age 59-1/2 *In-service Distributions From Rollover Accounts *Loans *Permissive Service Credit Transfers *Plan-to-Plan Transfers To the Plan *Plan-to-Plan Transfers From the Plan

403(b) Vendors with Active Payroll Slots

Employees of Junction City are eligible to apply for an account under the Junction City403(b) Plan with any Vendor whose name appears in the following list. Please see Enrollment Procedures for details.

* The availability of certain account types may be subject to change and/or vendor restrictions.

Please contact Carruth Compliance Consulting (CCC), Junction City's 403(b) Third Party Administrator (TPA) with any questions or concerns regarding the plan. CCC can be reached at (503) 968-8961 or toll free at 1-877-222-3090 and via out secure web page at:  Submit A Question To CCC 

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Page Last Modified: 8/22/2018 6:21:51 PM