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

  • Plan Administrator/Third-Party Administrator - TSA Consulting Group, Inc. (TSACG) www.tsacg.com.

    Current/former employees should forward their request (paperwork) for Distributions, Exchanges, Transfers, Loans, Hardship Withdrawals and Rollovers directly to TSACG.

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

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

    Thank you.

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

    ***When choosing an investment product, it is important to know how fees associated with your product can affect your return.  Investment providers are required to disclose any fees associated with an investment product.  Below are a few of the types of fees that are commonly charged.

    Annuity Contract Fee, Custodial Fee, Expense Fee, M&E Fee, Wrap Fee, Transfer Fee, Surrender/Withdrawal Fee, Loan Fee, Administrative Fee,  Maintenance Fee, Sales Commission, Brokerage Commissions, Mutual Fund Fees, etc.

     

    Prudential NC403(b) Plan information 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.

    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 2019 to a 403b plan is $19,000.  In addition, the age-based additional amount limit for employees who are 50 or older by December 31, 2019 is $6,000 for a yearly total of $25,000.00.

    If an employee is participating in both a 401K and a 403b plan, the contribution limits must be coordinated so that the maximum deferral between the two plans does not exceed $19,000 (or $25,000).

    Rollovers from a previous employer retirement plan does not impact the maximum amount an employee can contribute to this plan.

    UCPS does not offer an employee match for this plan.