We want to thank the following union members for taking time to attend the NEA ESP Conference in Dallas, Tx.

Janet Grimes, Bill Favero, Shelley Gabriel, Tammy Potter, Patty McAdams, Jodi Oliver, Tina Vasquez and Juanita Samms

We really appreciate you taking time to go!!

Executive Committee

To All Plainfield School District 202 Employees:

Under the terms of the IRS non-discrimination rule called “Universal Availability” employers sponsoring a 403b plan are required to notify all eligible employees of their right to participate.  Attached is the Universal Availability and Meaningful Notice Letter.

Payroll Department

Date: March 10, 2017

Re: Annual Notice of Participation

Plainfield School District 202 403(b) Plan

The Plainfield School District 202 (“the Employer”) offers a 403(b) Plan for eligible employees of the organization. Employees are eligible to participate as described below:

• All W-2 employees are eligible to participate in the 403(b) Plan
  

A 403(b) plan is a tax-deferred retirement program that permits an employee to reduce his or her compensation on a pre-tax basis and have the contribution deposited into a 403(b) investment. The plan also allows employees to make 403(b) retirement contributions on an after-tax basis (a Roth 403(b) contribution).

To enroll in a 403(b) program, you must complete a Salary Reduction Agreement. Salary Reduction Agreements are available on the Employee Portal.

You may also be required to complete an annuity contract or custodial account application to establish your investment account under the Plan. Application forms for an annuity contract or a custodial account can be obtained from the representative of the investment provider you select. Employees should contact each vendor for information about the 403(b) products and services it offers. A list of the approved providers in our Plan is attached and available on the Employee Portal.

You can make a change to or stop your contribution at any time. You will need to complete a new Salary Reduction Agreement and provide it to the Payroll office to do so. The change will take effect for the next available payroll period as described above after the new Salary Reduction Agreement is processed by the Payroll Office.

The IRS limits the annual contributions you can make to a 403(b) plan. For 2017, the limit is $18,000 for participants under age 50 and up to $24,000 for participants who become age 50 or older during this calendar year.

The Plainfield School District 202 assumes no liability for any employee’s election to participate in the 403(b) plan, choice of 403(b) vendor(s), or the expected tax consequences resulting from participating in the 403(b) plan. The Plainfield School District 202 does not provide tax, legal or investment advice and recommends that employees seek advice from professionals who specialize in these areas.

If you have any questions about our 403(b) Plan, please contact Laura Sharp at Plainfield School District: LSHARP@psd202.org or the Plan’s third party administrator, ADMIN Partners, LLC at 877-484-4400.

Plainfield Community Consolidated School District 202

Authorized 403(b) Vendors

For any questions relating to 403(b) Vendors please contact

Rose Kidd, Director of Fiscal Services

rkidd@psd202.org (815) 577-4049