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SMC|Human Resources|Human Resources Department|Voluntary 403(b) and 457(b) Plans

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.

2014 CONTRIBUTION AMOUNT

Normal ​Contribution Limit

$17,500

Additional ​Catch-up Amount for Employees age 50+

​$5,500

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.

​PLAN INFORMATION & FORMS ​
403(b) Salary Amendment Agreement Form ​457(b) Salary Amendment Agreement Form
​List of Approved Vendors ​403(b) & 457(b) Comparison Chart
TDS Notice of Administration Fees Annual Meaningful Notice

 

 
​PLAN ADMINISTRATOR ​CONTACT INFORMATION ​ADDRESS
Tax Deferred Solutions

Phone: 866.446.1072

Fax: 916.221.5040

Email: planadministrator@tdsgroup.org

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:
Heather Memarian, Employee Benefits Support Technician – 310-434-4205 / memarian_heather@smc.edu
Olga Vasquez, Employee Benefits Specialist - 310-434-3513 / vasquez_olga@smc.edu
Lugina Rogers, HR Analyst, Leaves & Benefits - 310-434-4060 / rogers_lugina@smc.edu