Supplemental Retirement
New Benefit As of 7/1/23 - Employer Match 403(b) & 457
TCOE will provide a match contribution to an employee’s TCOE sponsored 403(b) or 457 plan supplemental retirement account, up to a maximum of $500 per year, per employee! Contact TCOE's Human Resources Department for details!
403(b) & 457 Plan Instructions For Employees
Follow this 2-step process to establish a new 403(b) or 457 account and initiate your payroll deduction contributions. Contact the TCOE HR Department if you need further assistance. 530-623-2861 x223 or x225.
Step 1: Enrolling with a 403(b) or 457(b) Provider
You can find TCOE's approved provider list, as well as comparisons of the two kinds of plans by clicking HERE.
Contact information is listed for each provider. Reach out to the various providers to compare plans, fees, etc. Once you pick the provider you'd like to work with, connect with them directly to complete their enrollment process (enrollment process=opening an account). Now that you've established an account, proceed to step 2
Step 2: Submit a Salary Reduction Agreement (SRA)
In order to begin payroll deductions, you will need to submit a completed SRA. Complete the appropriate 403(b) OR 457(b) Plan SRA by clicking HERE. After you've successfully submitted an SRA, the TCOE HR Department will be notified of approval and payroll deductions will begin with the following pay period.
Please Note: If you submit your SRA before the 10th of the month, you can expect to have it approved in that same month for 403(b) plans. However, 457(b) plans require a one month turnaround, per IRS regulations. They will be approved in the month following SRA submittal.