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Seattle Public Schools Employee 403(b) Information

New Employee Login Accounts Available

CCC has launched an online employee login account program for Seattle Public Schools employees. By creating a CCC login account, you are enabled to review information about your participation in the Seattle Public Schools 403(b) Plan, including contributions to various vendors, account balances (if provided to CCC by Vendors), and various transactions processed on your behalf by CCC (loans, hardship distributions, contract exchanges, plan-to-plan transfers, rollovers, required minimum distributions, etc.). Click Here to create an Online Account.


What is a 403(b) Plan?

In public educational organizations like School Districts and Community Colleges, 403(b) Plans generally serve as 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.

Online Access

New and Current Participants

  • Employees and former employees of Seattle Public Schools may create an Online Account to monitor participation activities associated with the Seattle Public Schools 403(b) Plan.

  • CCC encourages you to establish an Online Account, which will allow you to review information about your participation in the Seattle Public Schools 403(b) Plan, including contributions to various vendors, account balances (if provided to CCC by vendors), and various transactions processed on your behalf by CCC (loans, hardship distributions, contract exchanges, plan-to-plan transfers, rollovers, required minimum distributions, etc.).
  • Click Here to create an Online Account.

Participants with Established Online Login Accounts

  • If you have already created a Online Login Account, Click Here or click the "Login" link in the upper-right-hand portion of this screen to login and access your account.

Step-By-Step Guidance

Please visit the "Why Partipicate?" 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 Seattle Public Schools. 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: No
  • 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

When, How, and Under What Circumstances Can I Access My 403(b) Account?

A transaction's availability may be limited by IRS guidelines, the optional features in the Seattle Public Schools Plan and/or the underlying investment contract. To learn more about the transactions (including definitions and qualifying events), please click here.

Obtaining Transaction Authorization

CCC is the Plan Administrator for Seattle Public Schools 403(b) Plan and the point of contact for obtaining transaction authorization. Please click here to learn how to request authorization for your transaction.

 

Am I Eligible To Participate? How Much Can I Contribute?

Please review the Eligibility and Limits Announcement for a full description of the employees eligible to participate and the contribution limits that apply. Seattle Public Schools does not require any minimum monthly contribution amount.

How Do I Begin, Change, or Cancel Contributions?

Please review the 403(b) Enrollment Procedures for step-by-step instructions on how to beginning participation, how to change your vendor or contribution amount, or how to end contributions to the plan.

What Are My Investment Options?

Please visit the 403(b) List of Vendors page for the options offered under the Seattle Public Schools 403(b) plan.

Basic Information About Products

Investment products for 403(b) plans may be broken down into the following investment types:

  • Fixed Annuities
  • Variable Annuities with a Fixed Account
  • Variable Annuities without a Fixed Account
  • 403(b)(7) Custodial Mutual Funds (No-Load)
  • 403(b)(7) Custodial Mutual Funds (Load)
  • 403(b)(7) Custodial Mutual Funds (Deferred Sales Charges)

Various vendors may offer one or more of these types of investments. Look for fund profiles, performance, prospectuses, and fees associated with specific vendors in the column to the right for information about particular offerings.

How do I choose a Vendor?

Generally speaking, vendors market their 403(b) investment products using one or more of the following approaches:

  • Agents Who Are Contracted Exclusively with the Vendor
  • Independent 403(b) Practitioners
  • Regional or Central Office Employees
  • Seminars, Meetings, and/or Brochure Distribution
  • Websites

Learn more about choosing an investment

What If I Need Financial Advice?

Click on this link for information about the financial advisor industry and helpful suggestions about how to locate one or more qualified, professional, and licensed financial advisors that meet your needs. Learn More

Why did Seattle Public Schools Adopt CCC Services?

403(b) Plans are subject to complex rules and administrative responsibilities. As a result, Seattle Public Schools adopted the services of Carruth Compliance Consulting, Inc., an Independent Third Party Administrator (TPA).