403b Plan - Managed by National Benefit Services
National Benefits Services PH: 1-800-274-0503 Ext.5
8523 S. Redwood Road FAX: 1-800-597-8206
West Jordan, UT 84088 www.nbsbenefits.com
The 403b is an additional retirement plan that you can voluntarily sign up for through our Third Party Administrators, National Benefit Services.
The 403(b) Retirement Plan acts very similar to a 401(k) Plan and provides several benefits, including:
- Contributions to the plan are held in a governmental retirement account with tax benefits.
- Money may be accessed for various reasons. See the attached notice for distribution reasons.
- Contribution limits are much higher than the limits in IRAs.
More information on 403(b) Plans, including a list of Approved Vendors can be found here: http://www.nbsbenefits.com/non-erisa-403b-forms/ .
Once you have established an account with a Vendor, please complete the “Salary Reduction Agreement” form indicating how much you would like to contribute. After that, please return it to the address or fax # provided on the bottom of the form and they will take care of the rest. You may also contact Julie Herring, Payroll Department for more information.