{"id":2767,"date":"2019-07-24T21:45:17","date_gmt":"2019-07-24T21:45:17","guid":{"rendered":"http:\/\/ffbenefits.ffga.com\/coppellisd-2\/?page_id=2767"},"modified":"2026-05-14T15:30:33","modified_gmt":"2026-05-14T15:30:33","slug":"403b-retirement-plan","status":"publish","type":"page","link":"https:\/\/ffbenefits.ffga.com\/coppellisd-2\/403b-retirement-plan\/","title":{"rendered":"403(b) Retirement Plan"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2af37b-c030e1ca2c4555d91a4ce80c67e7533b\">\n.flex_column.av-2af37b-c030e1ca2c4555d91a4ce80c67e7533b{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-2af37b-c030e1ca2c4555d91a4ce80c67e7533b av_one_full  avia-builder-el-0  el_before_av_two_third  avia-builder-el-first  first flex_column_div av-zero-column-padding  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-jyhrqpwm-1d39c77bd628d1ce242e561f69076678\">\n.avia-image-container.av-jyhrqpwm-1d39c77bd628d1ce242e561f69076678 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-jyhrqpwm-1d39c77bd628d1ce242e561f69076678 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-jyhrqpwm-1d39c77bd628d1ce242e561f69076678 av-styling- avia-align-center  avia-builder-el-1  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-2776 avia-img-lazy-loading-not-2776 avia_image ' src=\"https:\/\/ffbenefits.ffga.com\/coppellisd-2\/wp-content\/uploads\/sites\/2808\/2019\/07\/403b-1500x202.png\" alt='403b Retirement Plans' title='403b'  height=\"202\" width=\"1500\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/ffbenefits.ffga.com\/coppellisd-2\/wp-content\/uploads\/sites\/2808\/2019\/07\/403b.png 1500w, https:\/\/ffbenefits.ffga.com\/coppellisd-2\/wp-content\/uploads\/sites\/2808\/2019\/07\/403b-300x40.png 300w, https:\/\/ffbenefits.ffga.com\/coppellisd-2\/wp-content\/uploads\/sites\/2808\/2019\/07\/403b-768x103.png 768w, https:\/\/ffbenefits.ffga.com\/coppellisd-2\/wp-content\/uploads\/sites\/2808\/2019\/07\/403b-1030x139.png 1030w, https:\/\/ffbenefits.ffga.com\/coppellisd-2\/wp-content\/uploads\/sites\/2808\/2019\/07\/403b-705x95.png 705w, https:\/\/ffbenefits.ffga.com\/coppellisd-2\/wp-content\/uploads\/sites\/2808\/2019\/07\/403b-450x61.png 450w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/div><\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-65xldz-ab5d24ccc785e4e0496a3c574589bf88\">\n.flex_column.av-65xldz-ab5d24ccc785e4e0496a3c574589bf88{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-65xldz-ab5d24ccc785e4e0496a3c574589bf88 av_two_third  avia-builder-el-2  el_after_av_one_full  el_before_av_one_third  first flex_column_div av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-jx3muuys-b48d46802976f30a2ab505615523f86a '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>The 403(b) can be an excellent way to save money for retirement. It can serve as a supplement to a traditional pension plan or other retirement plan(s), or as a stand-alone plan. The 403(b) is a tax deferred retirement plan available to employees of educational institutions and certain non-profit organizations as determined by section 501(c)(3) of the Internal Revenue Code. Contributions and investment earnings in a 403(b) grow tax deferred until withdrawal (assumed to be retirement), at which time they are taxed as ordinary income. The 403(b) is named after the section of the IRS code governing it. Roth (after-tax) deductions are also available.<\/p>\n<p><b>How a 403(b) Works<\/b><\/p>\n<p>Employees enroll and participate through their employer. Contributions to a 403(b) are made on a pre-tax basis through a Salary Reduction Agreement. This is an arrangement where the participating employee agrees to take a reduction in salary. The amount by which the salary is reduced is directed to investments offered through the employer and selected by the employee. These contributions are called elective deferrals and are excluded from the employee&#8217;s taxable income. Contributions grow tax-deferred until the time of retirement, when withdrawals are taxed as ordinary income.<\/p>\n<p><strong>Roth 403(b)<\/strong><\/p>\n<p>Your district\u2019s retirement plan also offers Roth (after-tax) deductions. Making an after\u2013tax (Roth) contribution means your money goes into your 403(b) account after federal and state taxes (if applicable) are withdrawn. With this type of contribution, your withdrawals in retirement are not taxed (provided certain conditions are met: you have held the Roth 403(b) account for at least 5 taxable years, you are age 59.5 or older, and you are no longer employed with the sponsoring employer). While this will not lower your current income tax bill, you can later withdraw your contributions plus any plan earnings tax free\u2014if certain law requirements are met.<\/p>\n<p><strong>Benefits Include:<\/strong><\/p>\n<ul>\n<li>\n<p style=\"font-weight: 400;\">Tax deferred growth: no annual taxation on earnings (taxes due when you withdraw money from your account)<\/p>\n<\/li>\n<li>Ability to contribute on a Roth after-tax basis (You pay taxes today on Roth contributions, but Roth contributions and any earnings they produce can be withdrawn tax-free (if certain conditions are met.<\/li>\n<li>Investment options: fixed annuities, variable annuities, or mutual funds<\/li>\n<li>Competitive interest rates<\/li>\n<li>Flexibility: start, stop, and adjust your contributions as allowed by your employer&#8217;s plan.<\/li>\n<li>Receive periodic account statements<\/li>\n<\/ul>\n<p><strong>Contribution Limits<\/strong><\/p>\n<ul>\n<li><strong>2025<\/strong>: $23,500<\/li>\n<li><strong>2026<\/strong>: $24,500<\/li>\n<\/ul>\n<p>Participants aged 50 and older at any time during the calendar year are permitted to contribute an additional $8,000.<\/p>\n<p><em>All investing involves risk. Past performance is not a guarantee of future returns.<\/em><\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3yyvfb-35bb2a92659c41af30d44ecd9a8df53c\">\n.flex_column.av-3yyvfb-35bb2a92659c41af30d44ecd9a8df53c{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-3yyvfb-35bb2a92659c41af30d44ecd9a8df53c av_one_third  avia-builder-el-4  el_after_av_two_third  el_before_av_heading  flex_column_div av-zero-column-padding  column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-bx2hqw-7e1ecc4f70c4640a4abc4297941a810f\">\n.iconbox.av-bx2hqw-7e1ecc4f70c4640a4abc4297941a810f .iconbox_icon{\nbackground-color:#c42032;\n}\n<\/style>\n<article  class='iconbox iconbox_top av-bx2hqw-7e1ecc4f70c4640a4abc4297941a810f  avia-builder-el-5  el_before_av_iconlist  avia-builder-el-first  main_color'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconbox_content\"><header class=\"entry-content-header\" aria-label=\"Icon: First Financial Administrators, Inc.\"><div class='iconbox_icon heading-color avia-iconfont avia-font-entypo-fontello' data-av_icon='' data-av_iconfont='entypo-fontello' title=\"First Financial Administrators, Inc.\" desc=\"First Financial Administrators, Inc.\" ><\/div><h3 class='iconbox_content_title '  itemprop=\"headline\" ><a href='http:\/\/services.ffga.com\/403(b)-home\/403(b)-employer-information.aspx' title='First Financial Administrators, Inc.'  target=\"_blank\"  rel=\"noopener noreferrer\" >First Financial Administrators, Inc.<\/a><\/h3><\/header><div class='iconbox_content_container '  itemprop=\"text\" ><p>(800) 523-8422, option 2<\/p>\n<p><a href=\"mailto:retirement@ffga.com\">retirement@ffga.com<\/a><\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-jv9m4793-506a767ece1d2cdc3c0bd75ab31e8a9f\">\n#top .avia-icon-list-container.av-jv9m4793-506a767ece1d2cdc3c0bd75ab31e8a9f .iconlist_icon{\ncolor:#ffffff;\nbackground-color:#c42032;\n}\n#top .avia-icon-list-container.av-jv9m4793-506a767ece1d2cdc3c0bd75ab31e8a9f .iconlist_icon svg:first-child{\nstroke:#ffffff;\nfill:#ffffff;\n}\n<\/style>\n<div  class='avia-icon-list-container av-jv9m4793-506a767ece1d2cdc3c0bd75ab31e8a9f  avia-builder-el-6  el_after_av_icon_box  avia-builder-el-last '><ul class='avia-icon-list avia_animate_when_almost_visible avia-icon-list-left av-iconlist-big av-jv9m4793-506a767ece1d2cdc3c0bd75ab31e8a9f avia-iconlist-animate'>\n<li><div class='iconlist_icon av-2i0ssv-c3051a3edc71828d7c38b6baa79d67d4 avia-font-entypo-fontello avia-iconfont avia-font-entypo-fontello'><span class='av-icon-char' data-av_icon='\ue835' data-av_iconfont='entypo-fontello' aria-hidden=\"true\"><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconlist_content_wrap\"><header class=\"entry-content-header\" aria-label=\"Icon: &lt;a href=&#039;http:\/\/services.ffga.com\/403(b)-home\/403(b)-employer-information.aspx&#039; title=&#039;EMPLOYER PLAN AND PROVIDER INFORMATION&#039;&gt;EMPLOYER PLAN AND PROVIDER INFORMATION&lt;\/a&gt;\"><h4 class='av_iconlist_title iconlist_title  '  itemprop=\"headline\" ><a href='http:\/\/services.ffga.com\/403(b)-home\/403(b)-employer-information.aspx' title='EMPLOYER PLAN AND PROVIDER INFORMATION'>EMPLOYER PLAN AND PROVIDER INFORMATION<\/a><\/h4><\/header><div class='iconlist_content '  itemprop=\"text\" ><p>View administration, enrollment, contribution and plan option details.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class=\"iconlist-timeline\"><\/div><\/li>\n<li><div class='iconlist_icon av-4d57jj-2304caeefd178278536a0e0f4c7e574f avia-font-entypo-fontello avia-iconfont avia-font-entypo-fontello'><span class='av-icon-char' data-av_icon='\ue81f' data-av_iconfont='entypo-fontello' aria-hidden=\"true\"><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconlist_content_wrap\"><header class=\"entry-content-header\" aria-label=\"Icon: 403(b) PLAN INFORMATION\"><h4 class='av_iconlist_title iconlist_title  '  itemprop=\"headline\" >403(b) PLAN INFORMATION<\/h4><\/header><div class='iconlist_content '  itemprop=\"text\" ><div>\n<article><\/article>\n<article><\/article>\n<article><\/article>\n<article><\/article>\n<article><\/article>\n<article><\/article>\n<article><\/article>\n<article><\/article>\n<article><\/article>\n<article><\/article>\n<article><\/article>\n<article><a href=\"https:\/\/www.ffga.com\/wp-content\/uploads\/universalavailabilitynotice.pdf\" target=\"_blank\" rel=\"noopener\">Universal Availability<\/a><\/p>\n<\/article>\n<\/div>\n<div>\n<article><a class=\"ADAbluetext\" href=\"https:\/\/www.ffga.com\/wp-content\/uploads\/f-403bsra.pdf\" target=\"_blank\" rel=\"noopener\">403(b) Salary Reduction Agreement<\/a><\/article>\n<\/div>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class=\"iconlist-timeline\"><\/div><\/li>\n<\/ul><\/div><\/p><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-345p2n-fd6520ae1a9d3bf9a06321d01a45236e\">\n#top .av-special-heading.av-345p2n-fd6520ae1a9d3bf9a06321d01a45236e{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-345p2n-fd6520ae1a9d3bf9a06321d01a45236e .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-345p2n-fd6520ae1a9d3bf9a06321d01a45236e .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-345p2n-fd6520ae1a9d3bf9a06321d01a45236e av-special-heading-h3  avia-builder-el-7  el_after_av_one_third  el_before_av_video  av-linked-heading'><h3 class='av-special-heading-tag '  itemprop=\"headline\"  >403(b) PLAN VIDEO<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><\/p>\n<div  class='avia-video av-jv8ozkwj-555fde4a68d35e7edf67c2009bc57c2e avia-video-16-9 av-no-preview-image avia-video-load-always av-lazyload-immediate av-lazyload-video-embed'  itemprop=\"video\" itemtype=\"https:\/\/schema.org\/VideoObject\"  data-original_url='https:\/\/ffga.wistia.com\/medias\/o9ewzjvp5u '><script src=\"https:\/\/fast.wistia.com\/embed\/o9ewzjvp5u .js\" async type=\"module\"><\/script><script src=\"https:\/\/fast.wistia.com\/player.js\" async><\/script><style>\n  wistia-player[media-id='o9ewzjvp5u ']:not(:defined) {\n    background: center \/ contain no-repeat\n      url('https:\/\/fast.wistia.com\/embed\/medias\/o9ewzjvp5u \/swatch');\n    display: block;\n    filter: blur(5px);\n    padding-top: 56.25%;\n  }\n<\/style><wistia-player media-id=\"o9ewzjvp5u \"><\/wistia-player><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":10,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2767","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/ffbenefits.ffga.com\/coppellisd-2\/wp-json\/wp\/v2\/pages\/2767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ffbenefits.ffga.com\/coppellisd-2\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ffbenefits.ffga.com\/coppellisd-2\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ffbenefits.ffga.com\/coppellisd-2\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/ffbenefits.ffga.com\/coppellisd-2\/wp-json\/wp\/v2\/comments?post=2767"}],"version-history":[{"count":0,"href":"https:\/\/ffbenefits.ffga.com\/coppellisd-2\/wp-json\/wp\/v2\/pages\/2767\/revisions"}],"wp:attachment":[{"href":"https:\/\/ffbenefits.ffga.com\/coppellisd-2\/wp-json\/wp\/v2\/media?parent=2767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}