Supplemental Retirement Plans

  • As an employee of Humble ISD, you can choose to supplement your retirement by payroll deducting contributions to a 403b or 457b retirement savings account.  You can enroll in or change contribution amounts at any time.

  • 403b
    A 403b is a voluntary retirement savings account.  Contributions can be made on a pre-tax or after-tax (Roth) basis.  Pre-tax contributions and earnings are not taxed.  Withdrawals during retirement are taxable income.  After-tax contributions are taxed at the time the contributions are made but the earnings are not taxed.  Withdrawals during retirement are tax-free. 

    1. Chose one of the 403b Approved Vendors to contact and open a 403b account. 
    2. After the account is set up, go to the Humble ISD Retirement Portal to complete a salary deferral for the new retirement account.  The change may take up to two payrolls to take effect.

     

     

    457b
    A 457b is an employer-sponsored retirement savings account.  Contributions can be made on a pre-tax or after-tax (Roth) basis.  Pre-tax contributions and earnings are not taxed.  Withdrawals during retirement are taxable income.  After-tax contributions are taxed at the time the contributions are made but the earnings are not taxed.  Withdrawals during retirement are tax-free.  Humble ISD offers 5 457b vendors for the 457b plan.  Chose one of the 457b Approved Vendors to contact and open a 457b account.  After the account is set up, go to the Humble ISD Retirement Portal to complete a salary deferral for the new retirement account.  The change may take up to two payrolls to take effect.

     

    Important Links


    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

    Roth 403(b) Salary Reduction Agreement - Paper form used to start, change or remove Roth 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

    Roth 457(b) Salary Reduction Agreement - Paper form used to start, change or remove Roth 457(b) retirement account contribution

     

     


    Important Contacts

    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.

     

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