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.

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.

In addition to traditional pre-tax 403(b) contributions, Mapleton School District offers after-tax Roth 403(b) contributions.

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.

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.

Contact the District Office for Additional Information