Retirement Planning with 403(b) & 457(b)

A secure, comfortable retirement is every worker's dream. And now because we’re living longer, healthier lives, we can expect to spend more time in retirement than our parents and grandparents did.  To help reach your retirement goals, Spring Branch ISD offers you the following retirement plans:

403(b) Plan Highlights

403(b) Plan Description

403(b) Distribution Form

TRS Certified 403(b) Carriers

IMPORTANT MESSAGE ABOUT 403(B) TRANSFERS

• Pre-Tax Contributions made by employees
• Contribution limit of $16,500 per year Roth 403(B) available
• Catch-up contributions available for age 50+
• See list of approved companies
• Transfers available from another employer's 403(B) plan
• Loans are available, subject to availability and certain conditions

457(b) Plan Highlights

457(b) Plan Description

457(b) Forms

• Pre-Tax Contributions made by employees
• Contribution limit of $16,500 per year
• Catch-up contributions available for age 50+
• Valic, AUL and ING are approved vendors
• Rollovers from another qualified plan are available
• Loans are available. See loan agreement and application form

403(b) Match Plan Highlights

403(b) Matched Savings Plan Description

Spring Branch ISD 403(b) Employer Match Plan Distribution Form

403(b) Distribution Fax Cover Sheet

VALIC Campus Financial Advisors

• Spring Branch ISD will match any contribution made to the voluntary 403(b) plan based in an amount determined by the District at its discretion for each Plan Year.
• During the current Plan Year and each subsequent Plan Year unless the Board of  Trustees changes the Contribution formula, District Contributions shall be made at a rate equal to 25% of the Elective Deferrals made to a 403b(1) or 403b(7) outside the Plan for each Employee who is eligible for District Contributions. An Employee’s Elective Deferrals in excess of 1% of Compensation shall not be considered for purpose of the District Matching Contribution.
• During the current Plan Year and each subsequent Plan Year unless the Board of Trustees changes the District Contribution formula,
• the District shall contribute payments for unused accumulated sick leave in accordance with Board Policy.
• Contributions will be made each pay period, in equal installments, with the entire annual District Contribution completely funded by the last day of the Plan Year.
• VALIC is the vendor.
• VESTING: District Contributions from accumulated unused sick leave: 100% Vested at all times

District Matching Contributions:

Special rules apply to employees who were in the Plan, terminate employment and are rehired. Check the Written Plan for these rules. All plans administered by JEM Resource Partners.