Supplemental Retirement Plans: 403(b) and 457(b)
As an employee of Humble ISD, you can choose to supplement your retirement by making payroll contributions to a 403(b) or 457(b) retirement savings account. You can enroll in or change contribution amounts at any time.
For 2022, both plans have a maximum employee contribution of $20,500 / year ($27,000 for employees 50 and older).
403(b) and 457(b) are optional retirement savings accounts. Contributions are made on a pre-tax basis. You are eligible to receive benefits at age 59.5, even if you are still employed. A list of 403b Approved Vendors and 457(b) approved vendors and the online salary reduction agreement will help you to learn more and get started.You will also need to go to the Humble ISD Retirement Portal to complete a salary deferral for the new retirement account. The change may take up to two payroll periods to take effect.
Learn more about the plans and eligibility requirements.
* This summary provides only a summary of the main features of the Humble ISD 403(b) and 457(b) Plans. The Plan documents will govern in the event of any discrepancy.
TRS Financial Awareness Videos – Helpful videos provided by TRS to explain all aspects of retirement planning.
Universal Availability Notice – All District employees are eligible to participate in the 403b and 457b plans
403b Approved Vendor List– Contact list for vendors available to open 403b accounts
457b Approved Vendor List – Contact list for vendors available to open 457b accounts
Salary Reduction Forms for Retirement Accounts
Electronic 403(b)/457(b) Salary Reduction Agreement - Online web based form used to start, change or remove 403(b)/457(b) retirement contribution
Pre-Tax 403(b) Salary Reduction Agreement - Paper form used to start, change or remove 403(b) retirement account contribution
Pre-Tax 457(b) Salary Reduction Agreement - Paper form used to start, change or remove 457(b) retirement account contribution
The District utilizes TSA Consulting Group to assist with retirement plan administration. Questions relating to new retirement account setup can be directed to TSA Consulting Group at 1-888-796-3786 option 5.