TSA Plan Announcement
Newberg-Dundee Public Schools - 2025 403(b) Announcement
Supplemental Retirement Saving Opportunities
Newberg offers two excellent voluntary programs through which you may elect to contribute a portion of income into supplemental retirement savings accounts: the 403(b) and 457(b) Plans. Newberg has contracted with PenServ, a Third Party Administrator (TPA), to provide information and support for the 403(b) Plan.
All part-time and full-time employees are eligible to contribute.
2025 Limitations: You may defer a maximum of $23,500 to all 403(b) plans unless you will reach 50 years of age during the year. In that case, you would be eligible to contribute an additional $7,500. Deferrals may not exceed 100% of your wages.
Please see attached announcement from Penserv for more information and list of approved investment providers.
PenServ Plan Services Inc
1-800-849-4001
www.penserv.com
Email: [email protected]