Tax-Sheltered Annuity Plan 403(b) & Wisconsin Deferred Compensation 457
Tax-Sheltered Annuity Plan 403(b)
All employees are eligible to participate in a 403(b) tax-deferred annuities plan. The employee will pay the total cost of the 403(b) tax deferred annuity contribution. Effective June 15, 2016 the District will use WEA Member Benefits as their sole vendor for 403(b) TSA plans. You will need to fill out a Salary Reduction Agreement and give to Payroll/Human Resources.
WEA Member Benefits Website
Once the salary reduction form is completed and sent to Human Resources, Mechelle Thompson, you will need to select your investment choices which can be done online or by contacting WEA for help and support. You will need to call WEA to set up your beneficiaries. You can reach WEA TSA Trust at 1-800-279-4030 option 2. Once a year you will have access to a free one (1) hour consultation either over the phone or in person. You can schedule your one hour free consultation with a financial advisor by sending an email to WEAFA@WEABENEFITS.COM.
You will have access to your 403(b) TSA account information online. Your log in will be your social security number (no dashes) and your password will be your date of birth (monthXXdayXXyearXXXX 01011975). Once logged in you can follow these steps or call WEA for assistance.
Currently there is a limit for individual and employer and that limit is $18,000 for the individual unless they are eligible for the age 50 catch up then they can contribute $24,000. The total employee/employer contribution can not exceed $53,000 unless the age 50 catch up is used then it can be $59,000. These limits are subject to change in the coming years however they usually increase.
Wisconsin Deferred Compensation Program 457
Enrollment Form
Fee Comparison Flyer
Investment Planning Guide Brochure
WDC 457 Alternative 403(b)
Program Highlights
Please contact Human Resources for further information on TSA plans. Questions may be directed to Patrick Ruddy at (608) 524-2016, ext. 2004 or pruddy@rsd.k12.wi.us, or Mechelle Thompson at (608) 524-2016, ext 2002 or mthompson@rsd.k12.wi.us.
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