Monroe School District Employee Information

403(b) Tax Sheltered Annuity Plan (TSA)

403(b) Plans generally serve as voluntary supplemental retirement savings plans designed to supplement retirement benefits available from State pension plans and Social Security. The IRS provides a Summary of 403(b) Plan Basics page and a 403(b) Plan Brochure for Employees on its website.

Please visit the "Why Participate?" page for additional information on the benefits of utilizing the 403(b) plan.

Which Optional Features Does the District Allow in its 403(b) Plan?

403(b) Optional features are either included in, or excluded from, the Plan, as specified below and as further described in the parenthetically referenced sections in the Plan Document for Monroe School District. These options are listed here in abstract for convenient reference:

Catch-ups under the Plan
• 15 Years-of-Service Catch-up Elective Deferral Contributions: Yes
• Age 50 Catch-up Elective Deferral Contributions: Yes
Contributions to the Plan
• Direct Rollovers Into the Plan: Yes
• Employer Contributions Allowed: Yes
• Employer Post Severance Contributions Allowed: Yes
• Exchanges Within the Plan: Yes
• Roth Contributions: No
Other Plan Transactions
• Hardship Distributions: Yes
• In-service Distributions After Age 59-1/2: Yes
• In-service Distributions From Rollover Accounts: Yes
• Loans: Yes
• Permissive Service Credit Transfers: Yes
• Plan-to-Plan Transfers To the Plan: Yes
• Plan-to-Plan Transfers From the Plan: Yes

CCC's Relationship with Monroe School District

CCC serves as the third party administrator (TPA) of the 403(b) Tax-Sheltered Annuity Plan (TSA) and primary point of contact for the Monroe School District 403(b) Plan since 12/2/2008. CCC helps with plan administration but is not involved with administration of investment accounts. For questions regarding your 403(b) and 457(b) accounts, including account balances and investment allocations, please contact your investment provider.

How Do I Begin, Change, or Cancel Contributions?

Please review the Eligibility and Limits Announcement for a full description of the employees eligible to participate and the contribution limits that apply. The 403(b) Enrollment Procedures for step-by-step instructions on how to start, change, and cancel contributions to a 403(b) Vendor under the plan. Additional information is available on our Choosing an Investment Product page.

403(b) Transaction Information

Visit the 403(b) Transaction Page.