{"id":2767,"date":"2019-07-24T21:45:17","date_gmt":"2019-07-24T21:45:17","guid":{"rendered":"http:\/\/ffbenefits.ffga.com\/mesquiteisd-2\/?page_id=2767"},"modified":"2026-01-22T19:41:53","modified_gmt":"2026-01-22T19:41:53","slug":"403b-retirement-plan","status":"publish","type":"page","link":"https:\/\/ffbenefits.ffga.com\/mesquiteisd-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{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\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-d4d5179e801351458d6afa30771e1ceb\">\n.avia-image-container.av-jyhrqpwm-d4d5179e801351458d6afa30771e1ceb img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-jyhrqpwm-d4d5179e801351458d6afa30771e1ceb .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-jyhrqpwm-d4d5179e801351458d6afa30771e1ceb 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\" class='wp-image-2776 avia-img-lazy-loading-not-2776 avia_image ' src=\"\/wp-content\/uploads\/sites\/2772\/2019\/07\/403b-1500x202.png\" alt='403b Retirement Plans' title='403b'  height=\"202\" width=\"1500\"  itemprop=\"thumbnailUrl\" srcset=\"\/wp-content\/uploads\/sites\/2772\/2019\/07\/403b.png 1500w, \/wp-content\/uploads\/sites\/2772\/2019\/07\/403b-300x40.png 300w, \/wp-content\/uploads\/sites\/2772\/2019\/07\/403b-768x103.png 768w, \/wp-content\/uploads\/sites\/2772\/2019\/07\/403b-1030x139.png 1030w, \/wp-content\/uploads\/sites\/2772\/2019\/07\/403b-705x95.png 705w, \/wp-content\/uploads\/sites\/2772\/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{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\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.<\/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>Benefits Include:<\/strong><\/p>\n<ul>\n<li>Tax deferred growth: no annual taxation on earnings<\/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>2024: $23,000<\/li>\n<li>2025: $23,500<\/li>\n<li>Participants ages 50-59 &amp; 64 and older at any time during the calendar year are permitted to contribute an additional $7,500.<\/li>\n<li>Participants ages 60-63\u00a0 at any time during the calendar year are permitted to contribute an additional $11,250<\/li>\n<\/ul>\n<p><em>Securities are sold by First Financial Securities of America, Inc. All investments carry some degree of 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{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\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-4b722d80434b824c99abb3628e84bfcc\">\n.iconbox.av-bx2hqw-4b722d80434b824c99abb3628e84bfcc .iconbox_icon{\nbackground-color:#c42032;\n}\n<\/style>\n<article  class='iconbox iconbox_top av-bx2hqw-4b722d80434b824c99abb3628e84bfcc  avia-builder-el-5  el_before_av_icon_box  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.iconbox_icon{\nbackground-color:#c42032;\n}\n<\/style>\n<article  class='iconbox iconbox_top av-lorit8s6-1344b3abf98f17c02b33c02d0c91ba9e  avia-builder-el-6  el_after_av_icon_box  el_before_av_iconlist  main_color'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconbox_content\"><header class=\"entry-content-header\"><div class=\"iconbox_icon heading-color\" aria-hidden='true' data-av_icon='\ue854' data-av_iconfont='entypo-fontello'><\/div><h3 class='iconbox_content_title '  itemprop=\"headline\" ><a href='https:\/\/www.trs.texas.gov\/Pages\/active_member_mytrs.aspx' title='Teacher Retirement System' target=\"_blank\" rel=\"noopener noreferrer\">Teacher Retirement System<\/a><\/h3><\/header><div class='iconbox_content_container '  itemprop=\"text\" ><p>(800) 223-8778<\/p>\n<p><a href=\"https:\/\/www.trs.texas.gov\/Pages\/active_member_mytrs.aspx\">www.trs.texas.gov<\/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<\/style>\n<div  class='avia-icon-list-container av-jv9m4793-506a767ece1d2cdc3c0bd75ab31e8a9f  avia-builder-el-7  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-44bzsf-77152bd265fcb458c8d71a2f00272504 avia-font-entypo-fontello'><span class='iconlist-char' aria-hidden='true' data-av_icon='\ue81f' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconlist_content_wrap\"><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title  '  itemprop=\"headline\" >403(b) PLAN INFORMATION<\/h4><\/header><div class='iconlist_content '  itemprop=\"text\" ><div><\/div>\n<div>\n<article><\/article>\n<article><\/article>\n<article><\/article>\n<article><\/article>\n<article><\/article>\n<article><a href=\"\/wp-content\/uploads\/sites\/2772\/2022\/06\/403bEmployeeHandbook.pdf\" target=\"_blank\" rel=\"noopener\">403b Employee Handbook<\/a><\/p>\n<p><a href=\"\/wp-content\/uploads\/sites\/2772\/2022\/06\/NPA-authorized-vendors-1-11-22.pdf\" target=\"_blank\" rel=\"noopener\">NPA Authorized Vendors<\/a><\/p>\n<p><a href=\"\/wp-content\/uploads\/sites\/2772\/2026\/01\/2026-universal-Avaliability-letter.pdf\">Universal Availability Letter<\/a><\/p>\n<p><a href=\"\/wp-content\/uploads\/sites\/2772\/2023\/10\/Vendor-solicitation-rules.pdf\">Vendor Solicitation Rules<\/a><\/p>\n<\/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-1ykkgv-7a7652eba059e87eb98c90e81b28f00a\">\n#top .av-special-heading.av-1ykkgv-7a7652eba059e87eb98c90e81b28f00a{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-1ykkgv-7a7652eba059e87eb98c90e81b28f00a .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-1ykkgv-7a7652eba059e87eb98c90e81b28f00a .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-1ykkgv-7a7652eba059e87eb98c90e81b28f00a av-special-heading-h3  avia-builder-el-8  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 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class=\"avia_playpause_icon\"><\/div><\/div><\/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\/mesquiteisd-2\/wp-json\/wp\/v2\/pages\/2767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ffbenefits.ffga.com\/mesquiteisd-2\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ffbenefits.ffga.com\/mesquiteisd-2\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ffbenefits.ffga.com\/mesquiteisd-2\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/ffbenefits.ffga.com\/mesquiteisd-2\/wp-json\/wp\/v2\/comments?post=2767"}],"version-history":[{"count":48,"href":"https:\/\/ffbenefits.ffga.com\/mesquiteisd-2\/wp-json\/wp\/v2\/pages\/2767\/revisions"}],"predecessor-version":[{"id":4954,"href":"https:\/\/ffbenefits.ffga.com\/mesquiteisd-2\/wp-json\/wp\/v2\/pages\/2767\/revisions\/4954"}],"wp:attachment":[{"href":"https:\/\/ffbenefits.ffga.com\/mesquiteisd-2\/wp-json\/wp\/v2\/media?parent=2767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}