3.3.13 - Tax Sheltered Annuities (403b)

Last updated on March 30, 2023

POLICY:  Spoon River College allows eligible employees to voluntarily defer compensation into an approved Tax Sheltered Annuity.

 SCOPE:

 This policy applies to all Spoon River College employees.

 DETAILS:

1. The Spoon River College voluntary deferred compensation benefit plan meets all of the legal requirements of the IRS.
2. The College has elected to utilize a third party administrator (TPA) to administer this benefit program. All questions related to this benefit program should be directed to the TPA.