how do you save for retirement through payroll deduction?
TRANSCRIPT
How do you save for retirement
through payroll deduction?
Valley View School District offers to all employees, three ways to save for retirement through payroll deduction:
403(b)-Tax Sheltered Retirement Plan
457(b)-Traditional Tax Deferred Compensation Plan
Roth 457- After Tax Compensation Plan
Employees can contribute to any combination of the above options to save for their retirement.
* Not intended as tax, financial or legal advise.
* Not intended as tax, financial or legal advise.
403(b) Tax Deferred Retirement Plan: Pre-tax deduction Calendar year contribution limit for 2014 is $17,500 Allows for additional catch up contributions for participants age 50+ of $5,500
457(b) Pre-tax deduction
Both 457(b) and 457 Roth Calendar year contribution limit for 2014 is $17,500Additional catch up contributions for participants age 50+ of $5,500 are permitted
For additional information about participation, investment options and more,Contact one of our approved plan providers.
457(b) and 457 Roth Deferred Compensation Plans:
457 RothAfter tax deduction therefore qualified distributions are not taxed
Plan Providers Representative Contacts: 403 (b) 457 (b) 457 Roth
AXA Equitable X X X
Michael Malicay 1-630-575-5022 [email protected]
Warren Suess 1-630-954-6853 warren.suess@axa-advisors .com
Roger Nulton 1-630-990-3091 [email protected]
Kyle Zake 1-630-954-6896 [email protected]
CPI Qualified Plan Consultants, Inc. X
Michael R. Runge 1-630-677-6283 (cell) [email protected] 1-630-573-9739 (phone) 1-630-214-3881 (fax) First Investors Corporation/First Investors Funds X X X
Matt Rosner [email protected] 1-630-705-1800 ext 228 (phone)
ING-Reliastar Life X X X
Richard J. Schlesinger J. D. [email protected] 1-630-674-2358(phone) 1-630-499-1057 (fax) Kathy Cawley [email protected] 1-815-729-1166 1-800-803-7600
Lincoln Investment Planning Inc. X X X Jennifer Prosise, MBA [email protected] 1-815-729-1166 1-800-803-7600
VALIC Financial Advisors, Inc. X X X
Stephen Oostema 1-708-205-0766 (cell) Jacqueline Skryd 1-630-995-6641 (cell) Lisa McPherson 1-630-277-0063 (cell) Email ([email protected])
Waddell & Reed X Ann Elliott CFP, MBA [email protected] 1-630-728-5221 (cell) 1-630-245-1230 (fax) 1-630-245-1156 x122 (phone)
Visit our vvsd website, under the Payroll Department, for a link to Retirement Manager.
For access to financial tools and to manage your contributions, log in to Retirement Manager today!