403 (b) Retirement Plan (Flexible Enrollment

SUMMIT CHRISTIAN ACADEMY

TAX SHELTERED ANNUITY BENEFIT INFORMATION

As part of the benefit package for employees who work and/or are paid over 12 months, SCA offers an optional 403(b) plan. A 403(b) plan, also known as a taxsheltered annuity (TSA) plan. A TSA is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministries.

Employees may choose to set aside pre-tax dollars into a 403(b) through either Modern Woodmen of America or Vanguard.

We encourage you to speak with your tax accountant before choosing this option to verify that it is a wise decision for your family situation.

Employees are responsible for contacting the below companies for information on plans they offer. Once a decision is made and paperwork completed, employees should provide copies of their Vanguard or Modern Woodmen paperwork to the finance office, so contributions to the plan can be deducted from paychecks and transferred to the provider accordingly.

Modern Woodmen of America 1701 1st Avenue Rock Island, IL 61201 www.modern-woodmen.org 800-447-0369 & ask for Member Services Local Representative Stephen Million 816-525-2333 SCA Account No. 21064081001

Vanguard P. O. Box 1110 Valley Forge, PA 19482 www.vanguard.com 800-962-5068 SCA Plan ID 10208771