403(b) Savings Plan

The 403(b) Plan is a valuable retirement savings option available through Natrona County Schools, WY. This notice provides a brief explanation of the provisions, policies and rules that govern the 403(b) Plan.

Plan administration services for the 403(b) plan are provided by TSA Consulting Group, Inc. (TSACG). Visit the TSACG website (tsacg.com) for information about enrollment in the plan, investment product providers available, distributions, enrollment, exchanges or transfers, 403(b) loans, and rollovers.

Eligibility

All employees, with the exception of private contractors, appointed/elected trustees, school board members and/or student workers are eligible to participate in the 403(b) plan immediately upon employment. Employees may make voluntary elective deferrals to the 403(b) plan. Participants are fully vested in their contributions and earnings at all times.

Employee Contributions

Upon enrollment, participants designate a portion of their salary that they wish to contribute to their traditional 403(b) account up to their maximum annual contribution amount on a pre-tax basis, thus reducing the participant’s taxable income. Salary deferral contributions to the participant's 403(b) account are made from income paid through the employer's payroll system.

Taxes on contributions and any earnings are deferred until the participant withdraws their funds.

The Internal Revenue Service regulations limit the amount participants may contribute annually to tax-advantaged retirement plans and imposes substantial penalties for violating contribution limits. TSACG monitors 403(b) plan contributions and notifies the employer in the event of an excess contribution.

SEE DOCUMENTS BELOW.

Visit TSA Consulting Group, Inc. website.

For additional information, please contact TSACG directly at 1-888-796-3786.