Steps to Enroll
1. Determine the Amount per Paycheck
The Columbia Gorge CC 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 Retirement Saving Options page for detailed examples).
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 Columbia Gorge CC 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 Columbia Gorge CC. You must establish an account under the Columbia Gorge CC 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 Columbia Gorge CC
Complete your
403(b) Salary Reduction Agreement
(SRA) form, print it, sign it, and submit it to
Address For SRASUBMIT at
Columbia Gorge CC, along with a copy of documentation that you have established an account with the vendor.
Columbia Gorge Community College
Address For SRASUBMIT
Payroll & Benefits
400 East Scenic Drive
The Dalles, OR 97058-3434
SRAs are subject to the established Payroll Cut Off Date. Salary reduction agreements must be submitted to the Business Office by the fifth day of the month.
Continuation Until Cancellation: The most recent 403(b) SRA document on file at Columbia Gorge Community College 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.
Columbia Gorge CC May Reduce Or Suspend Contributions: Columbia Gorge Community College is required to avoid contributions that might exceed IRS limits. Consequently, the 403(b) SRA stipulates that Columbia Gorge CC may reduce and/or suspend contributions to avoid excess deferrals over your contribution limit.
Downloadable pdf of this page available here.