403(b) & 457(b) Plan Information for Employees & Advisors - Union County BOE

  • As of January 1, 2018, Union County Board of Education has contracted with TSA Consulting Group, Inc. (TSACG) to provide 403(b) & 457(b) plan administration services.  TSACG, based in Fort Walton Beach, Florida, is an independent TPA and is not affiliated with an investment provider nor do they market investment products.

    TSACG will be responsible for the approval of transactions such as Distributions, Exchanges, Transfers, Loans, and Rollovers.

    Please see the attached letter for more information: Employee Information TSACGTransaction Form

    TSACG's website is as follows: www.tsacg.com

    You will find information for UCPS on theTSACG website (Individual/employers, State/N.C., and County/Union County BOE).  Salary reduction agreement forms are located on the TSACG website.  Current employees can also obtain a salary reduction agreement form for the 403(b) and 457(b) on the Finance Dept. webpage on the Internal Forms page.

    If you have any questions please contact Brenda Dixon at 704-296-5315 / IEP #4076 / brenda.dixon@ucps.k12.nc.us.

    Thank you.

     

    Salary Reduction Agreement Form (Payroll Deduction):  403(b) Salary Reduction Agreement / 457(b) Salary Reduction Agreement

     

    Information for the Prudential NC403(b) Plan is as follows:

    You may contact our local representative, Ms. Jodie Musselwhite, Sr. Retirement Mgr., at (704) 219-9432 or jodie.musselwhite@prudential.com.  Ms. Musselwhite will be happy to assist you with enrollment, changes or to review your investment portfolio, etc.

    Website:  http://NCPlans.prudential.com

     403b Plan Highlights

    NC403(b) Enrollment Form 06.14.18

    NC403(b) Change Form 06.14.18

     NOTE:  The maximum deferral amount in 2018 to a NC403b plan is $18,500.  In addition, the catch-up limit for those employees who are 50 and older by December 31, 2018 is $6,000 for a yearly total of $24,500.00.  If an employee is participating in both a NC401K and a 403b plan, the contribution limits must be coordinated so that the maximum deferral between the plans does not exceed $18,500 (or $24,500 if 50 or older in 2018). Rollovers from previous employer retirement plans do not impact the maximum amount an employee can contribute to this plan.

    UCPS does not offer an employee match for this plan.