What retirement plans are available? 

• Elmbrook offers both Pre Tax 403(b) and Post Tax investments in the 403(b) Plan. 

• Start Early. Maximize your savings!

• Utilize your resources. Speak to an investment provider representative.

How to Enroll? 

Step 1: Decide what investment provider is right for you. 

• Talk to a Financial Advisor. Ask for an advisor recommendation from a trusted colleague. 

Step 2: Open an Account. 

Step 3: Complete a Salary Reduction Agreement (SRA) via TSACG’s Online SRA System. 

• https://sra.tsacg.com/index.php

The list of investment providers and SRA link can be found on the Elmbrook’s web page hosted by TSACG: 

• www.tsacg.com then Plan Sponsor Pages then Wisconsin then Elmbrook 

Retirement - Voluntary (Elective 403(b) / 457 Plan) 

Employees can save for retirement through a PRE-TAX tax sheltered annuity (403(b)) or an AFTER TAX ROTH. Contributions are made through payroll deduction to a specific list of 403(b) and 457 vendors. The district uses TSA Consulting Group as their 3rd party administrator.  All 403(b) enrollment should be done through TSA Consulting Group using their website listed below.

Who is eligible:  All Employees

Who pays for it: Employee. There is no District match at this time.

What is the cost? 

Voluntary election and employee designates amount or percent.

403(B) Plan Highlights

Who are the vendors? 

• 403(b) VENDORS

Plan Participation Guide 

• 403(B) Plan Guide

How do I enroll? 

•  OMNI & TSACG Compliance Services Online Enrollment Process

What is a 457 plan?

• In addition to, or in lieu of, a 403(b) plan, employees may also contribute into a 457 account through the Wisconsin Deferred Compensation (WDC) Program. WDC Online Enrollment Flyer

Where to get more information on the 457 Plan: 

• https://wdc457.empower-retirement.com/participant/#/login?accu=WisconsinWR

• WI Deferred Compensation Contact Information

Life Insurance - Reliance Standard Life Insurance Company

• Eligibility for employees scheduled to work 50% or more. 

• Life Insurance - (1x) annual base salary rounded up to the next $1,000; paid for by the District. 

  • I.e. If your salary is $44,775, then your benefit for Life Insurance and Accidental Death & Dismemberment would be $45,000 each. 

  • Includes Accidental Death & Dismemberment Coverage (AD&D)

Voluntary Supplemental Life Insurance - premium paid by employee

• Employee elections are in $5,000 increments between $5,000 and $370,000 not to exceed five times your salary.

• Spouse elections are in $5,000 increments between $5,000 and $100,000, not to exceed 50% of employee election

• Guaranteed issue for first eligible employees is the lesser of three times your annual salary or $250,000 for employee coverage and $20,000 for spousal coverage

• Employee must elect supplemental life insurance in order to elect spouse/dependent coverage

• Any amount over the guaranteed issue requires evidence of insurability

Short-Term Disability - National Insurance Services

• Eligibility for employees scheduled to work 50% or more. 

• Voluntary Short-Term Disability - Premium Paid for by the employee

  • 66% of your annual salary in the event of a qualifying disability claim

  • Coverage up to 60 days or until you are no longer disabled or no longer eligible

  • Coverage starts on the first day for a covered disability resulting from an accident and fourth day from a disability resulting from illness/survey

    • I.e. Maternity leave (categorized as an illness) 

  • Pre-existing terms do apply to STDi and will not be covered under STDi

• Short-Term Disability Insurance Rates

  • Refer to page 18 in the “Focus on Benefits” guide book

  • Enrollment Form and Rates

• If you do not elect Short-Term Disability upon hire you will be required to go through the evidence of insurability process upon later enrollment.

Long-Term Disability - National Insurance Services

• Eligibility for employees scheduled to work 50% or more. 

• Long-Term Disability - 100% of premium paid for by the District

  • Employee may receive 70% of your annual salary up to a maximum monthly benefit of $9,333. 

  • Coverage begins after 60 days of disability

  • Benefits are taxable to the member upon receiving the claim