Carruth Compliance Consulting

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

      Log In

Mapleton School District Plan Document Page

CCC's Relationship with Mapleton School District

The Plan Document is maintained by Carruth Compliance Consulting, Inc. (CCC) for Mapleton School District on a contractual basis, however the plan is self-administered by Mapleton School District. Any questions or items requiring Plan Administrative Approval should be directed to the district.

Plan Document for Mapleton School District

The Mapleton School District 403(b) Plan Document is a multi-part document that includes an adoption agreement that memorializes the optional features the employer offers.

View/ Download Mapleton School District 403(b) Plan Document.

View/ Download 2021 403(b) Hardship Amendment and Policy

 

Participation Eligibility and Contribution Limits (Mapleton School District)


2025 403(b) Announcement for Mapleton School District


Supplemental Retirement Saving Opportunities

Mapleton School District offers an excellent voluntary program through which you may elect to contribute a portion of income into supplemental retirement savings accounts: the 403(b) Plan. Mapleton School District has contracted with Carruth Compliance Consulting (“CCC”), a Third Party Administrator (TPA), to provide information and support for the 403(b) Plan.

All part-time and full-time employees are eligible to contribute.

You may begin, change, and/or cancel contributions in the 403(b) Plan at any time, subject to payroll deadlines. You may begin contributions in the 403(b) Plan by following the ‘403(b) Enrollment Procedures’ on the CCC website.

Optional Features Available in the Plan

Mapleton School District has adopted the CCC “Plan Document Only Services,” with the result that your Plan will have exactly four optional features, as follows:

  1. Age-Related Catch-Up Provision (see the Contribution Limits section below)
  2. In-Service Distributions After Age 59-1/2
  3. Roth Contributions
  4. Employer Contributions

Optional Feature 2 above allows participants who reach age 59-1/2 to be eligible for distributions from their accounts, irrespective of their employment status.

You are able to begin and/or continue contributions to 403(b) Plan accounts, but you are not able to withdraw, exchange, or transfer accumulated benefits until you become eligible for a distribution. Distributable events include:

  • Attainment of age 59-1/2
  • Severance from employment
  • Death
  • Disability


403(b) Contribution* Limits for 2025

  • $23,500.00 Applies to employees under Age 50 at the end of 2025
  • $31,000.00 Applies to employees age 50-59 or over 63 by end of 2025
  • $34,750.00 Applies to employees age 60-63 by end of 2025

*Note: Contributions to the plan above cannot exceed employees’ total compensation.

The ’Age-Related Catch-up Limits’ above apply for the first time in 2025 as a result of the SECURE 2.0 Act. A new ’Catch-up Contributions Must Be Roth for Highly Compensated Participants’ requirement becomes effective in 2026. Additional information about SECURE 2.0 requirements is available at www.ncompliance.com/secure2info.aspx.

Participant Responsibilities

  • Participants are responsible for monitoring account activity regularly for accuracy (e.g., deposits of your contributions), updating contact and beneficiary information.
  • Contribution limits are specific to you, the taxpayer. If you participate in another organization’s retirement plan in addition to participating in the Mapleton School District Plan, please note:
    • 403(b) Elective Deferral Limits described above apply to your total deferrals to all 403(b), 401(k), SIMPLE, and SARSEP plans in which you participate.
    • If you control an organization sponsoring a qualified defined contribution plan, all contributions made to that plan on your behalf must be aggregated with all 403(b) elective deferrals and employer contributions at Mapleton School District for the 2025 $70,000.00 IRC 415(c) limit, but those Age 50+ may defer additional amounts.
    • Note: 457(b) contributions do not need to be aggregated with 403(b) contributions for limit consideration.

Contact the District Office for Additional Information

Click here for rendered version of 2025 Eligibility & Limits Announcement for Mapleton School District


2024 403(b) Announcement for Mapleton School District


Supplemental Retirement Saving Opportunities

Mapleton School District offers an excellent voluntary program through which you may elect to contribute a portion of income into supplemental retirement savings accounts: the 403(b) Plan. Mapleton School District has contracted with Carruth Compliance Consulting (“CCC”), a Third Party Administrator (TPA), to provide information and support for the 403(b) Plan.

All part-time and full-time employees are eligible to contribute.

You may begin, change, and/or cancel contributions in the 403(b) Plan at any time, subject to payroll deadlines. You may begin contributions in the 403(b) Plan by following the ‘403(b) Enrollment Procedures’ on the CCC website.

Optional Features Available in the Plan

Mapleton School District has adopted the CCC “Plan Document Only Services,” with the result that your Plan will have exactly four optional features, as follows:

  1. Age 50+ Catch-Up Provision (see the Contribution Limits section below)
  2. In-Service Distributions After Age 59-1/2
  3. Roth Contributions
  4. Employer Contributions

Optional Feature 2 above allows participants who reach age 59-1/2 to be eligible for distributions from their accounts, irrespective of their employment status.

You are able to begin and/or continue contributions to 403(b) Plan accounts, but you are not able to withdraw, exchange, or transfer accumulated benefits until you become eligible for a distribution. Distributable events include:

  • Attainment of age 59-1/2
  • Severance from employment
  • Death
  • Disability


403(b) Contribution Limits for 2024

  • Elective Deferral Limit: $23,000.00*
  • Age 50 Catch-up: An additional $7,500.00, for a total of $30,500.00* (Applies to Employees Age 50 or over by 12/31/2024)

*Note: Contributions to the plan above cannot exceed employees’ total compensation.

Participant Responsibilities

  • Participants are responsible for monitoring account activity regularly for accuracy (e.g., deposits of your contributions), updating contact and beneficiary information.
  • Contribution limits are specific to you, the taxpayer. If you participate in another organization’s retirement plan in addition to participating in the Mapleton School District Plan, please note:
    • 403(b) Elective Deferral Limits described above apply to your total deferrals to all 403(b), 401(k), SIMPLE, and SARSEP plans in which you participate.
    • If you control an organization sponsoring a qualified defined contribution plan, all contributions made to that plan on your behalf must be aggregated with any 403(b) contributions at Mapleton School District for the IRC 415(c) limit. This $69,000.00 in 2024 limit applies to the aggregate of elective deferrals and employer contributions, but those Age 50+ may defer an additional $7,500.00.
    • Note: 457(b) contributions do not need to be aggregated with 403(b) contributions for limit consideration.

Contact the District Office for Additional Information


To Be Determined
 

Page Last Modified: 9/28/2021 4:19:25 PM