Carruth Compliance Consulting

     Retirement Readiness      For Employees      For Employers      For Vendors      About Us      Contact Us 

      Log In

CCC will be closed on Wednesday June 19th, 2024 for the Juneteenth Holiday.

Steps to Enroll

1. Determine the Amount per Paycheck

The Cascade 403(b) plan is a voluntary retirement plan option, you may contribute to this plan by deferring from your paychecks and contributing those funds (in an amount you specify) to an account held under a 403(b) Vendor with an Active Payroll Slot in the plan.

Traditional 403(b) accounts are tax deferred, meaning funds are deferred from your check to your investment account on a pre-tax basis. When you contribute to a Traditional 403(b) account, your net pay is not reduced by the full amount of your contribution (please see our net pay impact illustrations page for detailed examples).

Cascade allows Roth 403(b) contributions to any Cascade vendor that will accept such contributions. Roth contributions are deferred on an after-tax basis, as opposed to Traditional 403(b) which are deferred on a pre-tax basis.

Please note: There are annual (calendar year) contribution limits that apply.

2. Select A Vendor and Open an Account

You may select one or more vendors Cascade 403(b) Vendors with Active Payroll Slots to contribute to by contacting the Vendor or representatives to open an account under Plan ID* assigned to Cascade. You must establish an account under the Cascade 403(b) Plan specific Plan ID to begin deferrals. You may not defer to an account created under a prior/different employer's plan.Keep a copy of the documentation showing your newly assigned Account Number to evidence this step was completed.

3. Complete a Salary Reduction Agreement and Submit it to Cascade

Complete your 403(b) Salary Reduction Agreement (SRA) form, print it, sign it, and submit it to Payroll Office at Cascade, along with a copy of documentation that you have established an account with the vendor.

Cascade School District
Payroll Office
10226 Marion Road SE
Turner, OR 97392

SRAs are subject to the established Payroll Cut Off Date. Salary reduction agreements must be submitted to the payroll clerk by the 8th of any given month.

Continuation Until Cancellation: The most recent 403(b) SRA document on file at Cascade School District remains in effect until you cancel the agreement, change the contribution amount, or change the vendor via the submission of a new 403(b) SRA.

Cascade May Reduce Or Suspend Contributions: Cascade School District is required to avoid contributions that might exceed IRS limits. Consequently, the 403(b) SRA stipulates that Cascade may reduce and/or suspend contributions to avoid excess deferrals over your contribution limit.

 

 

Page Last Modified: 1/25/2024 1:52:49 PM