403(b) and Roth 403(b)

403(b)

A 403(b) plan, also known as a tax-sheltered annuity, is a tax-advantaged retirement savings plan available for public education organizations. Contributions are made on pre-tax basis and investment earnings grow tax deferred until withdrawal, assumed to be retirement. Mansfield ISD has chosen to have their 403(b) plan administered through the Education Service Center Region 10 Retirement Asset Management Services (RAMS) program. TCG Administrators will be the Third Party Administrator contracted to provide this service as of 04/01/2025.

403(b) Retirement Account Setup

A 403(b) plan allows you to contribute a portion of your compensation as a pre-tax or post-tax (Roth) contribution in order to save for retirement. Participation in the 403(b)plan is completely voluntary. If you are already contributing, at any time you can increase your contributions.

Roth 403(b)

Roth is being added as an option under the current 403(b) plans. The Roth 403(b) provides you with an option to make voluntary contributions on an after-tax basis. You get no current-year tax deduction for your Roth contributions. However, qualified distributions (funds in account for 5 years after first deferral and done after age 59 ½) will allow participants to withdraw their money tax-free. Employees can enroll for this option or stop contributions at any time.

To get started, visit www.tcgservices.com/enroll and establish your account. Click the 403(b) Enrollment Guide for more information on the 2-step process. Enrollment assistance is available by appointment at www.tcgservices.com/telewealth or by calling the Enrollment Hotline at 800/943-9179 Monday through Friday, 8 a.m. - 7 p.m. (CST).

More information about each plan can be found on the Employee Benefits Portal.