{"id":2747,"date":"2021-06-25T19:09:39","date_gmt":"2021-06-25T19:09:39","guid":{"rendered":"http:\/\/ffbenefits.ffga.com\/elpasoisd-2-2\/?page_id=2747"},"modified":"2024-10-09T15:48:25","modified_gmt":"2024-10-09T15:48:25","slug":"retirement-plans","status":"publish","type":"page","link":"https:\/\/ffbenefits.ffga.com\/elpasoisd-2\/retirement-plans\/","title":{"rendered":"Retirement Plans"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-gh0ews-45486ee6d25fe1fe88e5d5149465ddf6\">\n.flex_column.av-gh0ews-45486ee6d25fe1fe88e5d5149465ddf6{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-gh0ews-45486ee6d25fe1fe88e5d5149465ddf6 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-dkkjz0-9be429193170dc66e8967f78394aa8c2\">\n.avia-image-container.av-dkkjz0-9be429193170dc66e8967f78394aa8c2 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-dkkjz0-9be429193170dc66e8967f78394aa8c2 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-dkkjz0-9be429193170dc66e8967f78394aa8c2 av-styling- avia_animated_image av-animated-when-visible-95 right-to-left 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-2122 avia-img-lazy-loading-not-2122 avia_image ' src=\"\/wp-content\/uploads\/sites\/2614\/2019\/05\/VolRetirementPlans-1030x139.png\" alt='Voluntary Retirement Plans' title='VolRetirementPlans'  height=\"139\" width=\"1030\"  itemprop=\"thumbnailUrl\" srcset=\"\/wp-content\/uploads\/sites\/2614\/2019\/05\/VolRetirementPlans-1030x139.png 1030w, \/wp-content\/uploads\/sites\/2614\/2019\/05\/VolRetirementPlans-300x41.png 300w, \/wp-content\/uploads\/sites\/2614\/2019\/05\/VolRetirementPlans-768x104.png 768w, \/wp-content\/uploads\/sites\/2614\/2019\/05\/VolRetirementPlans-1500x203.png 1500w, \/wp-content\/uploads\/sites\/2614\/2019\/05\/VolRetirementPlans-705x95.png 705w, \/wp-content\/uploads\/sites\/2614\/2019\/05\/VolRetirementPlans-450x61.png 450w\" sizes=\"(max-width: 1030px) 100vw, 1030px\" \/><\/div><\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-bvi4gc-a53c90690598d36be2a64adf9b2c18c6\">\n.flex_column.av-bvi4gc-a53c90690598d36be2a64adf9b2c18c6{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-bvi4gc-a53c90690598d36be2a64adf9b2c18c6 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'     ><div  class='tabcontainer av-bkmj8c-4cd9062e639433b8ffd5279ebb01f99a top_tab  avia-builder-el-3  avia-builder-el-no-sibling '>\n<section class='av_tab_section av_tab_section av-38ldij-f43f9bf1309d59529d0338a04f2022cc'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div id='tab-id-1-tab' class='tab active_tab' role='tab' aria-selected=\"true\" tabindex=\"0\" data-fake-id='#tab-id-1' aria-controls='tab-id-1-content'  itemprop=\"headline\" >403(b) Retirement Plan<\/div><div id='tab-id-1-content' class='tab_content active_tab_content' role='tabpanel' aria-labelledby='tab-id-1-tab' aria-hidden=\"false\"><div class='tab_inner_content invers-color'  itemprop=\"text\" ><p>A 403(b) is a retirement savings plan generally offered by public schools and other tax-exempt organizations that allows employees to make contributions on a pretax basis. Most plans allow you to start, stop, increase or decrease contributions at any time. The employer determines the investment providers and employees must open an account with one of those providers to contribute.<\/p>\n<p>TCG Administrators (formerly JEM Resource Partners) is the plan administrator; you can elect salary deductions at <a href=\"https:\/\/tcgservices.com\/\" target=\"_blank\" rel=\"noopener\"><u>www.tcgservices.com<\/u><\/a>.<\/p>\n<p>You will need to login, select your employer, and register using your plan password. Follow through the steps to choose company and salary deduction. You must then contact the company to set up an account.<\/p>\n<p><strong>Contribution Limits<\/strong><\/p>\n<ul>\n<li>2024:\u00a0$23,000<\/li>\n<li>2025: $23,500<\/li>\n<li>Participants aged 50 and older at any time during the calendar year are permitted to contribute an additional $7,500.<\/li>\n<\/ul>\n<h4>TCG Retirement<\/h4>\n<p>(800) 943-9179<\/p>\n<p><a href=\"http:\/\/www.tcgservices.com\" target=\"_blank\" rel=\"noopener\">www.tcgservices.com<\/a><\/p>\n<h6><\/h6>\n<h6>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-5hfdfw-b9597e034bc847fb3182a8fe784098f4\">\n.av_font_icon.av-5hfdfw-b9597e034bc847fb3182a8fe784098f4{\ncolor:#c42032;\nborder-color:#c42032;\n}\n.avia-svg-icon.av-5hfdfw-b9597e034bc847fb3182a8fe784098f4 svg:first-child{\nstroke:#c42032;\nfill:#c42032;\n}\n.av_font_icon.av-5hfdfw-b9597e034bc847fb3182a8fe784098f4 .av-icon-char{\nfont-size:15px;\nline-height:15px;\n}\n<\/style>\n<span  class='av_font_icon av-5hfdfw-b9597e034bc847fb3182a8fe784098f4 avia_animate_when_visible av-icon-style- avia-icon-pos-left avia-iconfont avia-font-entypo-fontello avia-icon-animate'><span class='av-icon-char' data-av_icon='\ue81f' data-av_iconfont='entypo-fontello' aria-hidden=\"true\" ><\/span><\/span> 403(b) PLAN INFORMATION<\/h6>\n<p><a href=\"\/wp-content\/uploads\/sites\/2614\/2021\/12\/403b-Retirement-Plan-Brochure.pdf\" target=\"_blank\" rel=\"noopener\">403(b) Retirement Plan Brochure<\/a><\/p>\n<p><a href=\"\/wp-content\/uploads\/sites\/2614\/2021\/12\/TCG-Adminitrators-403b-Plan-Annual-Notice-Ltr-v1.pdf\" target=\"_blank\" rel=\"noopener\">403(b) Plan Annual Notice<\/a><\/p>\n<p><a href=\"\/wp-content\/uploads\/sites\/2614\/2021\/12\/403b-Recordatorio-Anual-del-Plan.pdf\" target=\"_blank\" rel=\"noopener\">403(b) Recordatorio Anual del Plan<\/a><\/p>\n<p><a href=\"\/wp-content\/uploads\/sites\/2614\/2021\/12\/403b-Texas-Approved-Vendors-List.pdf\" target=\"_blank\" rel=\"noopener\">403(b) Texas Approved Vendor List<\/a><\/p>\n<p><a href=\"\/wp-content\/uploads\/sites\/2614\/2021\/12\/403b-Plan-Enrollment-Instructions.pdf\" target=\"_blank\" rel=\"noopener\">403(b) Plan Enrollment Instructions<\/a><\/p>\n<p><a href=\"\/wp-content\/uploads\/sites\/2614\/2021\/12\/403b-Plan-Summary.pdf\" target=\"_blank\" rel=\"noopener\">403b Plan Summary<\/a><\/p>\n<\/div><\/div><\/section>\n<section class='av_tab_section av_tab_section av-2ygd2z-9a362b540c54cb7ce506802b4c332dba'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div id='tab-id-2-tab' class='tab' role='tab' aria-selected=\"false\" tabindex=\"0\" data-fake-id='#tab-id-2' aria-controls='tab-id-2-content'  itemprop=\"headline\" >457(b) Retirement Plan<\/div><div id='tab-id-2-content' class='tab_content' role='tabpanel' aria-labelledby='tab-id-2-tab' aria-hidden=\"true\"><div class='tab_inner_content invers-color'  itemprop=\"text\" ><p>The 457 plan is a district-sponsored voluntary retirement savings plan that allows an employee to save money for retirement on a tax-deferred basis. Your district has chosen to offer the TCG 457 Plan which has low-cost investment options. The TCG 457 Plan has investment options that do not contain any surrender charges or penalties upon distribution. Remember that all investing involves risk.<\/p>\n<p>The plan contains most of the same features of the 403(b) plan, but is different in one unique way. Distributions from the 457 Deferred Compensation Plan are not subject to the 10% excise tax for early withdrawal.<\/p>\n<p>In 2024, you can contribute 100% of your includible compensation up to $23,000, whichever is less. If you are age 50 or older, you can contribute up to an additional $7,500 for a total of $30,000.<\/p>\n<p>In addition to pre-tax deferrals on your 457 plan\u00a0you <strong>may now elect Roth deferrals<\/strong>, which are made on an after-tax basis. Roth deferrals\u00a0<em><strong>and associated earnings\u00a0<\/strong><\/em>can be withdrawn tax-free in retirement if the requirements for a &#8220;qualified distribution&#8221; are met.<\/p>\n<p>See a Benefits Advisor for more information, or call TCG Administrators at 800.943.9179, or log onto the <a href=\"http:\/\/www.tcgservices.com\" target=\"_blank\" rel=\"noopener\">www.tcgservices.com<\/a> to enroll in the TCG 457 Plan. Enroll on the benefit website at open enrollment or at <a href=\"http:\/\/www.tcgservices.com\" target=\"_blank\" rel=\"noopener\">www.tcgservices.com<\/a> all year, login and select your employer, register using plan password as gccisd, and follow through the steps and information to enroll in your investment and salary reduction.<\/p>\n<h6><\/h6>\n<h6>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-9k97w-b5039f62b859a75b599a05860251a67b\">\n.av_font_icon.av-9k97w-b5039f62b859a75b599a05860251a67b{\ncolor:#c42032;\nborder-color:#c42032;\n}\n.avia-svg-icon.av-9k97w-b5039f62b859a75b599a05860251a67b svg:first-child{\nstroke:#c42032;\nfill:#c42032;\n}\n.av_font_icon.av-9k97w-b5039f62b859a75b599a05860251a67b .av-icon-char{\nfont-size:15px;\nline-height:15px;\n}\n<\/style>\n<span  class='av_font_icon av-9k97w-b5039f62b859a75b599a05860251a67b avia_animate_when_visible av-icon-style- avia-icon-pos-left avia-iconfont avia-font-entypo-fontello avia-icon-animate'><span class='av-icon-char' data-av_icon='\ue81f' data-av_iconfont='entypo-fontello' aria-hidden=\"true\" ><\/span><\/span> 457(b) PLAN INFORMATION<\/h6>\n<p><a href=\"\/wp-content\/uploads\/sites\/2614\/2021\/12\/457b-Retirement-Plan-Brochure.pdf\" target=\"_blank\" rel=\"noopener\">457(b) Retirement Plan Brochure<\/a><\/p>\n<p><a href=\"\/wp-content\/uploads\/sites\/2614\/2021\/12\/457b-Portfolio-Summary.pdf\" target=\"_blank\" rel=\"noopener\">457(b) Portfolio Summary<\/a><\/p>\n<p><a href=\"\/wp-content\/uploads\/sites\/2614\/2021\/12\/457b-New-User-Plan-Enrollment-Instructions.pdf\" target=\"_blank\" rel=\"noopener\">457(b) New User Plan Enrollment Instructions<\/a><\/p>\n<p><a href=\"\/wp-content\/uploads\/sites\/2614\/2021\/12\/457b-EXISTING-USERS-Plan-Enrollment-Instructions.pdf\" target=\"_blank\" rel=\"noopener\">457(b) EXISTING USERS Plan Enrollment Instructions<\/a><\/p>\n<p><a href=\"\/wp-content\/uploads\/sites\/2614\/2021\/12\/457b-Plan-Summary.pdf\" target=\"_blank\" rel=\"noopener\">457b Plan Summary<\/a><\/p>\n<p style=\"text-align: left\">\n<\/div><\/div><\/section>\n<section class='av_tab_section av_tab_section av-2c1e5n-a28137de1aa4acc1e5da65dda971ae7a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div id='tab-id-3-tab' class='tab' role='tab' aria-selected=\"false\" tabindex=\"0\" data-fake-id='#tab-id-3' aria-controls='tab-id-3-content'  itemprop=\"headline\" >3121 Plan<\/div><div id='tab-id-3-content' class='tab_content' role='tabpanel' aria-labelledby='tab-id-3-tab' aria-hidden=\"true\"><div class='tab_inner_content invers-color'  itemprop=\"text\" ><p>This is a FICA-alternative plan for part-time, seasonal and temporary employees. Ask your First Financial Account Representative for more details and to enroll.<\/p>\n<p><a href=\"\/wp-content\/uploads\/sites\/2614\/2021\/12\/GM1-Region-10-RAMS-FICA-Alternative-Plan-Exec-Summ-20161.pdf\" target=\"_blank\" rel=\"noopener\">GM1 Region 10 RAMS FICA Alternative Plan Exec Summary<\/a><\/p>\n<\/div><\/div><\/section>\n<\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3o2u30-07621c8c9607fa127bebd6765d26e3f0\">\n.flex_column.av-3o2u30-07621c8c9607fa127bebd6765d26e3f0{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-3o2u30-07621c8c9607fa127bebd6765d26e3f0 av_one_third  avia-builder-el-6  el_after_av_two_third  el_before_av_hr  flex_column_div av-zero-column-padding  column-top-margin'     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2r24vg-589c9c99a92a93a2abad0f98a419016e\">\n.iconbox.av-2r24vg-589c9c99a92a93a2abad0f98a419016e .iconbox_icon{\nbackground-color:#c42032;\n}\n<\/style>\n<article  class='iconbox iconbox_top av-2r24vg-589c9c99a92a93a2abad0f98a419016e  avia-builder-el-7  avia-builder-el-no-sibling  main_color'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconbox_content\"><header class=\"entry-content-header\" aria-label=\"Icon: TCG Administrators\"><div class='iconbox_icon heading-color avia-iconfont avia-font-entypo-fontello' data-av_icon='' data-av_iconfont='entypo-fontello' title=\"TCG Administrators\" desc=\"TCG Administrators\" ><\/div><h3 class='iconbox_content_title '  itemprop=\"headline\" ><a href='http:\/\/tcgservices.com' title='TCG Administrators'  >TCG Administrators<\/a><\/h3><\/header><div class='iconbox_content_container '  itemprop=\"text\" ><p>(800) 943-9179<\/p>\n<p><a href=\"http:\/\/www.tcgservices.com\/\" target=\"_blank\" rel=\"noopener\">www.tcgservices.com<\/a><\/p>\n<p><strong>Carol Figueroa<\/strong><\/p>\n<p>Senior Retirement Plan Specialist &#8211; El Paso &amp; West TX Area<\/p>\n<p><strong>TCG Advisory Services, LLC<\/strong><\/p>\n<p>900 S. Capital of Texas Highway, Suite 350 |\u00a0Austin, Texas\u00a0 78746<\/p>\n<p><strong>Cell:<\/strong>\u00a0 (915) 539-4286| Fax: (512) 580-3905<\/p>\n<p>Schedule time with me at\u00a0<a href=\"https:\/\/urldefense.com\/v3\/__https:\/tcgservices.com\/eortiz\/__;!!A8fipfCF_kbM7aav!SpornG3w9J-xRnaW5oxwEJbAeKCjcXbfYwP1YQDcTgQt_2PQifDCnvJWVofiz-rmjw$\" target=\"_blank\" rel=\"noopener\">https:\/\/tcgservices.com\/cfigueroa\/\u00a0<\/a><\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><\/div><\/p>\n<div  class='hr av-56qff0-0fd5263c018e271e46fed380111c01a3 hr-default  avia-builder-el-8  el_after_av_one_third  avia-builder-el-last '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2747","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/ffbenefits.ffga.com\/elpasoisd-2\/wp-json\/wp\/v2\/pages\/2747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ffbenefits.ffga.com\/elpasoisd-2\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ffbenefits.ffga.com\/elpasoisd-2\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ffbenefits.ffga.com\/elpasoisd-2\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ffbenefits.ffga.com\/elpasoisd-2\/wp-json\/wp\/v2\/comments?post=2747"}],"version-history":[{"count":0,"href":"https:\/\/ffbenefits.ffga.com\/elpasoisd-2\/wp-json\/wp\/v2\/pages\/2747\/revisions"}],"wp:attachment":[{"href":"https:\/\/ffbenefits.ffga.com\/elpasoisd-2\/wp-json\/wp\/v2\/media?parent=2747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}