Retirement Plans

TCG | NBS

ABOUT RETIREMENT PLANS

A 403(b) plan is a U.S. tax-advantaged retirement savings plan available for public education organizations.

A 457(b) plan is a tax-deferred compensation plan provided for employees of certain tax-exempt, governmental organizations or public education institutions.

For full plan details, please visit your benefit website: www.mybenefitshub.com/irvingisd

EMPLOYEE BENEFITS

457(b)

What is a 457(b) plan? A 457(b) plan is a retirement savings plan that allows employees to make contributions on a pretax basis, thus income taxes are deferred until your assets are withdrawn. Most plans allow you to start, stop, increase or decrease contributions at any time. The contribution limits are separate from those of 401(k) and 403(b) plans and more flexible withdrawal options are often available. RAMS 457 (b) Managed Portfolios

Contact TCG Administrators for more information at 512600-5200 or www.tcgservices.com for 457(b)

403(b)

What is a 403(b) Savings Plan? 403(b) is a voluntary retirement plan that allows you to save money in a pre-tax (Traditional) or after-tax (Roth) account. Contributions to the plan are salary-deducted from your paycheck and automatically deposited into your 403(b) retirement savings account. Early withdrawals from a 403(b) account are subject to a 10% early withdrawal penalty. Money and investments are held with the vendor of your choice.

Contact NBS at 855-399-0335 or www.nbsbenefits.com for 403(b) information.