403(b) Plans

Who Can Participate in a 403(b) Plan?

The following employees are eligible to participate in a 403(b) plan.

  • Employees of tax-exempt organizations established under section 501(c)(3). These organizations are usually referred to as section 501(c)(3) organizations or simply 501(c)(3) organizations.
  • Employees of public school systems who are involved in the day-to-day operations of a school.
  • Employees of cooperative hospital service organizations.
  • Civilian faculty and staff of the Uniformed Services University of the Health Sciences.
  • Employees of public school systems organized by Indian tribal governments.
  • Certain ministers.

What sets us apart from other TPA’s?

  • We sit down with our clients to customize a plan to fit their specific needs.
  • With one TPA assigned to your plan, you receive personalized service and a relationship is built with you, your employees and your TPA.
  • CDSA provides a Plan Document, non-discrimination testing, and the filing of DOL Form 5500 to keep you compliant.

403(b) plans can receive the following types of contributions:

  • Employee Deferrals
  • Employee Roth Deferrals
  • Employee After-Tax Deferrals
  • Employer Non-Elective Contributions
  • Employer Matching Contributions
Non-Discrimination Testing

All 403(b) plans that include employer contributions will be subject to annual non-discrimination testing.

Department of Labor Form 5500 Requirement

DOL Form 5500, along with additional required schedules, will need to be filed annually for 403(b) ERISA plans.

Deferral Limits
  • The annual individual savings deferral is limited by law to $19,000 for 2019.
  • For individuals age 50 and older, an additional catch-up contribution of $6,000 is allowed in 2019. Special catch-up limits apply.

Let us exceed your expectations. Contact Jen Burnett at (888) 388-1040 to learn more.




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