403(b) Plan Setup or Plan Change Instructions
2012 Contribution Limits
Normal Limit for 2012 for 403(b) - $17,000
Age-related annual “catch-up” limit for those aged 50+ - $5,500
You may also make an additional 402(g) “Lifetime” contribution; this amount varies and counseling by a financial advisor may be beneficial.
Do Your Research
To get a wide perspective of the many investment providers available, visit the website www.403bcompare.com, operated by CalSTRS to provide comprehensive, unbiased information to public school employees. However, not all provider choices are available at Marin Community College District, and your choice must be a provider included in the district’s plan. Contact TDS Group, your district’s plan administrator, at 866.446.1072 for more details.
403(b) Account Setup
Once you have selected the plan of your choice go to www.tdsgroup.org and click on “forms” in the menu. Now select the Salary Reduction Agreement (SRA) and complete the form. Turn in the completed SRA to the Human Resources office and we will complete the process for you.
See our 403b Participation Guide for assistance with the setup of your plan.
Changes to Your 403(b) Account
For any changes to your 403(b) account go to the Marin Community College District 403b Compare web site, and click the link in the Salary Reduction Agreement box. Complete the form with your desired changes and return the form to the Human Resources office for final processing.