Voluntary 403(b) and 457(b) Plans
Santa Monica Community College District offers employees the ability to participate in a 403(b) or 457(b) retirement plan administered through Tax Deferred Solutions (TDS).
Participation in these plans are voluntary and allows employees to contribute pre-tax dollars, taken directly from your paycheck and to deposit these funds into a retirement account with an Investment Provider of your choice. Employees can select Investment Provider available within Santa Monica Community College District approved vendor list.
Normal Contribution Limit
Additional Catch-up Amount for Employees age 50+
How to Participate in a 403(b) or 457(b) plan:
Step 1: Select a Vendor
Approved vendors for the District can be found at www.403bcompare.com. Investment information and comparisons are available on the website. Employees can consult with a financial advisor of their choice regarding investment options or choose an investment on their own.
Step 2: Open your 403(b) or 457(b) account
Once you have selected a vendor of your choice, you (or your advisor) will need to contact the vendor directly to open an account. You will need to complete the enrollment forms with the vendor in order to set-up your account.
Step 3: Complete and Submit a Salary Amendment Agreement Form (SAA) to the plan administrator, Tax Deferred Solutions (TDS)
Once your account is opened, return the completed and signed SAA form to TDS via Fax, Email or Mail. Employees can begin and stop participation in the 403(b) and 457(b) plans at any time by submitting a SAA.
IMPORTANT: You must have an open account with a vendor first before submitting a SRA Form.
|Tax Deferred Solutions
Attn: Account Management
6939 Sunrise Blvd, Suite 209
Citrus Heights, CA 95610
For additional information or if you have questions, please contact the Office of Human Resources: