403(b) and 457(b) Plan Setup or Plan Change Instructions
2015 403(b) and 457(b) Annual Elective Deferral Limits
2015 annual elective deferral limits for 403(b) and 457(b): $18,000
Age 50+ catch-up: $6,000
Special catch-up provisions’: Please consult with a financial services professional
See the attached 403(b)/ 457(b) Comparison Chart
Do Your Research
To get a perspective of the many investment providers available, visit the website 403bcompare.com,
operated by CalSTRS, to provide comprehensive, unbiased information for Marin Community College District. Contact TDS Group, your
District’s plan administrator, at
(866) 446-1072 for more details.
Step 1: Go to the403bcompare.com
Step 2: Review the list of approved 403(b) vendors that partner with Marin Community College District.
Step 3: Select a Vendor.
Step 4: You and/or your Financial Advisor contact your Vendor of choice to establish an investment account.
Step 5: Complete the 403(b) Salary Amendment Agreement.
Step 6: Submit the “403(b) Salary Amendment Agreement” to the Benefits or Payroll office at IVC.
See our 403(b) Participation Guide for assistance with the setup of your plan.
Changes to Your 403(b) Account
Use the 403(b) Salary Amendment Agreement to adjust your contributions. If you are making a one-time change, you will also need to submit another 403(b) Salary Amendment Agreement to change your contribution back to your current amount, as well as an effective date.
Roth (after-tax contributions)
Go to the 403(b) Compare Vendor Listing Roth which lists the vendors that allow Roth plans.
For employees to start Roth contributions the following steps are required:
Step 1: Select a vendor from the list of approved Roth vendors.
Step 2: Contact the vendor that you select and obtain their account application to open a Roth account.
Step 3: Complete and submit the account application to the vendor to open the account.
Step 4: Complete the 403(b) Salary Amendment Agreement.
Step 5: Submit the “403(b) Salary Amendment Agreement” to the Benefits or Payroll office at IVC.
You may open a 457(b) account with LSW/ National Life Group, SBG/Security Benefit Group or Valic. See the contact information below.
Life Insurance Company of the Southwest - 457(b)
Plan ID: A4806
Phone: (800) 579-2878
Fax: (214) 638-9170
Security Benefit - 457(b)
Plan ID: 613893
Phone: (800) 888-2461
Fax: (785) 368-1772
Valic – 457(b)
Plan ID: 2212 Valic
Phone: (800) 853-6399
Fax: (877) 202-0187
Step 1: Select a Vendor.
Step 2: You and/or your Financial Advisor contact your Vendor of choice to establish an investment account.
Step 3: Complete the 457(b) Direction of Investments_Open Access and 457(b) Salary Amendment Agreement.
Step 4: Submit the above forms to the Benefits or Payroll office at IVC.
TDS Financial Advisor
If you do not have a Financial Advisor or if you have any specific questions, please contact Joyce Lavin, Financial Advisor, TDS: (949) 253-8766 – Office, (877) 411-3030 ext. 153 - Office, (949) 205-7091 – Cell or firstname.lastname@example.org.