Danbury ISD

Please select your plan from the tabs below for more information about your plan and to gain access to your plan forms. If you have any questions or need assistance please contact us.

A 403(b) is a retirement savings plan generally offered by public schools and other tax-exempt organizations that allows employees to make contributions on a pretax or post-tax basis. Most plans allow you to start, stop, increase or decrease contributions at any time. The employer determines the investment providers and employees must open an account with one of those providers to contribute. Employers may also make contributions on behalf of employees.
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Plan Description
Forms
Resources
FAQ's

Who is eligible?

Eligibility is determined by your Employer, so please contact TCG Administrators or your Employer Benefits Office to find out who is eligible under your Employer’s Plan. You may also find a list of who is eligible on the Summary Plan Description, which may be found on our website.

What is the ESC Region 10 RAMS 403(b) Administration Plan?

This plan is a part of the Retirement Asset Management Services (RAMS) program.  The 403(b) Plan is a tax-deferred supplemental retirement plan sponsored by your Employer. ESC Region 10 has implemented 403(b) plan administrative services through a competitive proposal process. These services are available to any Texas public education organization through an interlocal agreement. The Employer’s Plan is authorized by Internal Revenue Code (IRC) Section 403(b) and is subject to specific Internal Revenue Service regulations and other requirements. The Plan allows employees to voluntarily contribute a portion of their compensation on a pretax basis. The amount invested plus earnings is not taxable until withdrawn from the Plan.  The Plan also offers Roth contributions, if allowed by the Employer.  Roth contributions are taxed when made, but earnings grow tax free.

How is the ESC Region 10 403(b) Administration Plan provided to participants?

ESC Region 10 and your participating Employer contracted with TCG Administrators to provide administrative and communication services to participants. TCG Administrators is the main contact for participants. You can find out how to contact TCG Administrators by choosing “Contact Us” from the Region 10 RAMS website menu.

How does the Plan work?

You elect the amount you wish to defer from your gross salary each pay period. The amount you elect to defer is withheld from your paycheck each pay period before taxes (after tax for Roth contributions).

Who contributes?

You. There are no Employer contributions under this Plan.

How do I enroll?

You may join the Plan at any time by clicking the green ‘Login’ button and clicking ‘Register’ You will need your Social Security Number and the plan password provided on the Summary Plan Description for your Employer. The Summary Plan Description can be found in the plan description for your employer.  You can browse there by clicking the green  ‘Login’  button, and choosing your employer.  You will need to open an account with an approved vendor before entering your enrollment information on our website.

What is the contribution amount?

You decide the amount that you want to contribute. Please keep in mind that there are limits imposed under the Internal Revenue Code. The maximum amount you can contribute during each calendar year is up to 100% of your includable compensation or the maximum listed in the table below, whichever is less.

Maximum Yearly Contribution
Year Maximum
2016 $18,000

Catch-up contributions in 403(b) plans operate under the following rules:

In the year that you attain age 50, you become automatically eligible to contribute an additional $6,000 per year (2016; this is also indexed).

If you are not 50 years of age or older, and have 15 years of service with your current Employer, and have not contributed more than an average of $5,000 per year, you may be eligible to contribute an additional $3,000 per year, depending on your use of the age 50 catch-up.  Since the use of this special limit is dependent on the Employer and/or employee having records of all contributions the employee has made to the Plan since being employed, many Employers do not allow this limit.

The lifetime limit for Catch-up contributions based on years of service is $15,000.

For your convenience, TCG Administrators has provided a Maximum Allowable Contribution form, to aid you in calculating your Catch-Up contribution. It can be found by clicking ‘Forms’ from the left-side menu.  TCG Administrators monitors all payroll contributions by every participant in the Plan and works with the Employer to stop contributions that will exceed the annual limit.  This helps ensure that neither the Employer nor employee have a tax penalty for over contributing to the Plan.

 

How are my Plan contributions invested?

Your contribution will be remitted to the available investment providers based on the percentage or allocation you choose to each vendor.
Specific investment elections will need to be chosen through the approved investment providers. For more information about specific products you will need to contact your investment provider.  A list of the available vendors in your Plan are on the Region 10 RAMS website.

What are my investment option choices?

Specific investment elections will need to be chosen through the approved investment providers. For more information about the investments available in a specific product you will need to contact your investment provider.

The Texas Teachers Retirement System (TRS) is authorized by the Texas Legislature to determine 403(b) vendors and products that are available to public school employees. You are not allowed to select a vendor or product not authorized by TRS. Certain “grandfathering” applies. If you have any questions about this please contact TCG Administrators.

The TRS website provides an excellent comparison of the fees charged by every vendor and product available in Texas.  You are urged to review this website before deciding where to invest your money.  A link to the TRS comparison is on the Region10 RAMS website.

How do I make changes to my elections?

If you are changing your elections for the first time, you will need to enroll by choosing ‘Login’ on the left-hand menu and clicking “New to the system? Enroll Now!” You will need your Social Security Number and the plan password provided on the Summary Plan Description for your Employer. The Summary Plan Description can be found on our website by choosing ‘Plan Description’ from the menu. The elections you make during the enrollment process will take the place of your current elections.

If you have already enrolled on our system, you can make future changes online by clicking the ‘Login’ button on the menu and accessing your account.

The following transactions can be made online:

  • Contribution Amount
  • Investment Provider Allocation Percentages

How do I keep track of my account?

Investment providers who choose to cooperate fully with the information sharing requirements of the plan will have information available for you by logging in to your account.  You are able to view the most recent account value provided to us by your vendor on the Region 10 RAMS website under your participant login.

Investment providers who do not fully cooperate with the information sharing agreements of the plan may display zero balances. You will need to contact those investment providers for more information.

All funds are ultimately invested at the investment providers and you may still need to contact them for certain information.

Are there fees to the participants in the Plan?

TCG Administrators is the Administrator and handles the ongoing administration of the Plan for monthly fees equal to $1.50 per month.

You will need to contact your investment provider to determine their fees. Fees for allowable vendors and products are also displayed on the TRS website.

The TRS website provides an excellent comparison of the fees charged by every vendor and product available in Texas.  You are urged to review this website before deciding where to invest your money.  A link to the TRS comparison is on the Region10 RAMS website.

When can I withdraw money from my account?

  • Attainment of age 59½
  • Death
  • Disability
  • Termination of Employment
  • Hardship (if allowed by your plan, see your Summary Plan Description)

What are my distribution options?

  • Receive a lump sum distribution (subject to ordinary income tax)
  • Rollover your account balance to an Individual Retirement Account (IRA) or other tax qualified vehicle.
  • Transfer your account to another Plan.
  • Some vendors and products allow payments in the form of a monthly annuity or periodic payments.

What happens if I leave employment?

The Internal Revenue Code allows distribution of funds upon termination of service with the participating employer under the options listed above.

When am I required to withdraw my money?

The later of when you retire or reach age 70½.

What happens to my money when I die?

Your designated beneficiary(ies) will receive the full value of your account. Your beneficiary(ies) must contact TCG Administrators to apply for a distribution.

Are loans available under the Plan?

See your Summary Plan Description  to find out if loans are allowed in your plan. Keep in mind that your investment provider may not allow loans, although your plan permits them.  The Summary Plan Description can be found in the plan description for your employer.  You can browse there by clicking the green  ‘Login’  button, and choosing your employer.

For further information on loans, please contact TCG Administrators at 800-943-9179.

How can I change my salary reduction?

You can change your salary reduction online at any time by logging on to your account.

How can I stop my salary reduction?

You can stop your salary deferrals online at any time by logging on to your account.

You may begin contributing again to the Plan online at any time by logging on to your account.

How can I move my funds to another company?

If the company is an active vendor in the Plan, depending on vendor rules and restrictions, you may be able to “exchange” your funds into a different annuity or investment account with another vendor.

How can I get more information?

To get more information about the Plan or enrolling in the Plan, please contact TCG Administrators at 800-943-9179, or visit the other areas of this website.

A 457 is a retirement savings plan that allows employees to make contributions on a pretax basis, thus income taxes are deferred until your assets are withdrawn. Most plans allow you to start, stop, increase or decrease contributions at any time. The contribution limits are separate from those of 401(k) and 403(b) plans allowing additional employee savings. There is also no 10% early withdrawal tax applicable to distributions from a 457(b) plan.
Login Register

Need Assistance? Click Here!

Plan Description
Forms
Resources
FAQ's

Who is eligible?

Eligibility is determined by your Employer, so please contact TCG Administrators or your Employer Benefits Office to find out who is eligible under your Employer’s Plan. You may also find a list of who is eligible on the Summary Plan Description, which may be found on our website.

What is the ESC Region 10 457(b) Retirement Savings Plan?

This plan is a part of the Retirement Asset Management Services (RAMS) program.  The ESC Region 10 Cooperative is a 457 Deferred Compensation Plan and is a tax-deferred supplemental retirement Plan sponsored by your participating Employer. The Plan is authorized by the Internal Revenue Code (IRC) Section 457(b) and is subject to specific Internal Revenue Service laws and requirements. The Plan allows employees to voluntarily contribute a portion of their compensation on a pretax basis. The amount invested plus earnings is not taxable until withdrawn from the Plan.  The Plan also offers Roth contributions, if allowed by the Employer.  Roth contributions are taxed when made, but earnings grow tax free.

How is the ESC Region 10 457(b) Retirement Savings Plan provided to participants?

ESC Region 10 and your participating Employer contracted with TCG Administrators, TCG Advisors, LP (a subsidiary of TCG Group Holdings) and Wilmington Trust to provide administrative, investment and communication services to participants. TCG Administrators is the main contact for participants. You can find out how to contact TCG Administrators by choosing “Contact Us” from the menu on the Region 10 RAMS website.

How does the Plan work?

You elect the amount you wish to defer from your gross salary each pay period. The amount you elect to defer is withheld from your paycheck each pay period before taxes (after tax for Roth contributions).

Who contributes?

You. There are no Employer contributions under this Plan.

How do I enroll?

You may join the Plan at any time by clicking the green ‘Login’ button and clicking ‘Register’ You will need your Social Security Number and the plan password provided on the Summary Plan Description for your Employer. The Summary Plan Description can be found in the plan description for your employer.  You can browse there by clicking the green  ‘Login’  button, and choosing your employer. 

What is the contribution amount?

You decide the amount that you want to contribute. Please keep in mind that there are limits imposed under the Internal Revenue Code. The maximum amount you can contribute during each calendar year is up to 100% of your includable compensation or the maximum listed in the table below, whichever is less.

Maximum Yearly Contribution
Year Maximum
2015 $18,000

(This is indexed based on calculations done by the IRS each year so always check the Region 10 RAMS website for the current limit)

 

During one of the three calendar years prior to your Normal Retirement Age* you may utilize the Standard Catch-up provision by making additional contributions to the Plan of up to twice the regular deferral limit.

Maximum Yearly Contribution
Year Maximum
2015 $25,000

(This is indexed based on calculations done by the IRS each year so always check the Region 10 RAMS website for the current limit)

If you are age 50 or older in a Plan year, you may utilize the Age 50+ Catch-up provision by making additional contributions to the Plan. During any year in which you are utilizing the Standard Catch-up provision you may not utilize the Age 50+ Catch-up provision. The additional contribution amounts are listed in the table below:

Maximum Yearly Contribution
Year Maximum
2015 $24,000

(This is indexed based on calculations done by the IRS each year so always check the Region 10 RAMS website for the current limit)

Before utilizing the Standard Catch-up and Age 50+ Catch-up, please consult your tax advisor.

 

*The term “Normal Retirement Age” shall mean the range of ages from the earliest age at which the Participant has the right to retire and receive an unreduced retirement benefit under the Teacher Retirement System of Texas (TRS), without actuarial or similar reduction because of retirement through and including age 70½, as designated by the Participant. Any Participant who works beyond age 70½ may designate a Normal Retirement Age greater than 70½, provided, however, that Normal Retirement Age may not be later than the date or age at which the Participant terminates employment with the Employer.

How are my Plan contributions invested?

You will have full access to your account upon enrollment. You may choose your preferred allocation at the time of enrollment. A selection of risk based portfolios are available at no extra cost. If you do not make an election, your contributions will be invested in the Signature Portfolio.  To view the most recent investment option information as well as the Signature Portfolio you can view the most recent Quarterly Review from the Plan Description section for 457(b) and your employer on our website.

What are my investment option choices?

To view the most recent investment option information you can view the most recent Quarterly Review from the Plan Description section for 457(b) and your employer on our website.   The Plan offers risk-based portfolios ranging from Capital Preservation to Aggressive Growth that are managed by the investment advisor to the Plan, TCG Advisors, LP.  You may also create your own investment allocation among the fund choices in the Plan.

If you are managing your own account, you may select which funds to use. There are additional tools online to assist you in determining the appropriate investments and allocations at www.tcgservices.com.

How do I make investment option changes?

If you are making your investments for the first time, you can enroll in the Plan at any time by clicking the green ‘Login’ button and clicking ‘Register’ You will need your Social Security Number and the plan password provided on the Summary Plan Description for your Employer. The Summary Plan Description can be found in the plan description for your employer.  You can browse there by clicking the green  ‘Login’  button, and choosing your employer.    If you have already enrolled, you can make future changes online by logging in through www.region10rams.org and accessing your account by clicking the green ‘Login’ button.  

The following transactions can be made online:  

  • Move all or a portion of your existing balances between investment options. 
  • Change how your future contributions are invested.  

How do I keep track of my account?

You can check your account balance on the website at www.region10rams.org or you may call TCG Administrators toll free at 800-943-9179.

Are there fees to the participants in the Plan?

TCG Advisors, LP has been hired by ESC Region 10 as the investment advisor and fiduciary to the Plan and receives an advisory fee of .40% of account assets annually. TCG Administrators is the Third Party Administrator and handles the ongoing administration of the Plan for annual fees equal to $18.50 per year and .25% of account assets. These asset-based fees are subject to a sliding scale and can be adjusted downward as the assets grow.

An additional one-time charge of $30 is paid for any distribution and a one-time charge of $50 is paid for any loan processed from the Plan.

When can I withdraw money from my account?

  • Attainment of age 70½
  • Death
  • Termination of Employment

What are my distribution options?

  • Receive a lump-sum distribution (subject to ordinary income tax)
  • Rollover your account balance
  • Leave in the Plan until a future date (but no later than age 70½ or retirement)

What happens if I leave employment? When am I required to withdraw my money?

The Internal Revenue Code allows distribution of funds only upon retirement, termination of service with the participating Employer, or attainment of age 70½. At the time you terminate service you may:

  • Keep your money invested in the Plan and if desired, continue to manage your money within the offered investment options;
  • Withdraw your money — subject to ordinary income tax; or
  • Roll your money to an IRA or another eligible employer that accepts rollovers.

What if I need some of the funds while still working for my employer?

The Internal Revenue Code and the Plan contain three provisions that allow withdrawal of funds while still employed. These three provisions are limited and have strict requirements, which must first be met. They are:

  • An unforeseen emergency which must be documented, meet the Internal Revenue Code definitions and criteria, and be approved by the Plan Administrator.
  • A “de minimis” withdrawal — this provision allows a withdrawal while employed if your balance is $5,000 or less, you have not deferred for the last 24 months, and have never used this provision before.
  • Attainment of age 70½, but you must stop your deferrals.

What happens to my money when I die?

Your designated beneficiary(ies) will receive the full value of your account. Your beneficiary(ies) must contact TCG Administrators to apply for a distribution.  If you do not designate a beneficiary, your spouse will automatically be your beneficiary, and if you are not married, the beneficiary will be your estate.

Are loans available under the Plan?

Yes, loans are available. The minimum loan amount under the Plan is $1,000 and the maximum loan amount is 50% of your account value. Participants with account values less than $2,000 are not eligible for loans. For further information on loans, please contact TCG Administrators at 800-943-9179.

How can I change my salary reduction?

You can change your salary reduction online at any time by logging on to your account.

How can I stop my salary reduction?

You can stop your salary deferrals online at any time by logging on to your account.

You may begin contributing again to the Plan online at any time by logging on to your account.

How can I get more information?

To get more information about the Plan or enrolling in the Plan, please contact TCG Administrators at 800-943-9179, or visit the other areas of this website.