Retirement Plans - TCG

403(b) Retirement Plan

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.

TCG Administrators (formerly JEM Resource Partners) is the plan administrator; you can elect salary deductions at www.tcgservices.com.

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.

Contribution Limits

2024: $23,000
Participants aged 50 and older at any time during the calendar year are permitted to contribute an additional $7,500.
2025 limits have not been released.

TCG Retirement

(800) 943-9179

www.tcgservices.com

403(b) PLAN INFORMATION

403(b) Retirement Plan Brochure

403(b) Plan Annual Notice

403(b) Recordatorio Anual del Plan

403(b) Texas Approved Vendor List

403(b) Plan Enrollment Instructions

403b Plan Summary

457(b) Retirement Plan

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.

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.

Contribution Limits

2024: $23,000
Participants aged 50 and older at any time during the calendar year are permitted to contribute an additional $7,500.
2025 limits have not been released

In addition to pre-tax deferrals on your 457 plan you may now elect Roth deferrals, which are made on an after-tax basis. Roth deferrals and associated earnings can be withdrawn tax-free in retirement if the requirements for a “qualified distribution” are met.

See a Benefits Advisor for more information, or call TCG Administrators at 800.943.9179, or log onto the www.tcgservices.com to enroll in the TCG 457 Plan. Enroll on the benefit website at open enrollment or at www.tcgservices.com all year, login and select your employer, register using plan password as yisd, and follow through the steps and information to enroll in your investment and salary reduction.