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403(b) plan

Welcome to your 403(b) retirement plan. Click below to view the features and highlights of your employer's retirement plan.

The plan highlights are only a brief overview of the plan's features and are not a legally binding document. The information in this section does not modify the terms of the plan and in the event of a conflict, the terms of the plan control.

View print version of 403(b) plan highlights.

Take advantage today

Upon being hired, you are immediately eligible to enroll and begin contributing to the plan. It may take up to three business days for your account to be fully set up and a month for contributions to be processed.

Starting early has its advantages

Employee contributions

Generally, you may contribute as much as 100% of your annual includible compensation up to the maximum IRS contribution limit. 

2026 contribution limit

Your contribution limit for 2026 is $24,500.

Catch-up contributions

You may be able to contribute an additional:

  • $7,500 if you are between the ages of 50-59, or age 64 and older.
  • $11,250 in 2025 if you are between the ages of 60-63.

Stop/change contributions 

You may change your contribution amount or discontinue contributing to your plan at any time and resume contributing again later. In the meantime, your account will continue to grow on a tax-deferred basis. Contribution changes made on or before the 20th of each month will be effective by the first of the following month.

Effective October 1, 2025:

  • TSACG Compliance Services (TSA) will take on more administration tasks for the 403(b) plan. 
  • To change your contribution amount or request a loan or distribution, contact TSACG - FCPS. 
  • New plan members: First, set up your account with Corebridge Financial, then contact TSACG - FCPS to start payroll contributions.

Vesting

Vesting is a participant’s right of ownership to the money in his or her plan account. You are always 100% vested in your own contributions.

Withdrawals

Your plan was established to encourage long-term savings, so withdrawals prior to age 59½ might be subject to federal restrictions and a 10% federal tax penalty.

Generally, you may withdraw your account balance if you meet one of the following requirements:

  • Attaining age 59½
  • Retirement or separation from service
  • Your death or total disability
  • Hardship

The following are some events upon which you may withdraw vested amounts without incurring a 10% federal tax penalty:

  • Attaining age 59½
  • Separation from service at or after age 55
  • Your death or total disability
  • Taking substantially equal payments after separation from service for a period of five years or attainment of age 59½ whichever is later

In addition, the Internal Revenue Service (IRS) requires you to take Required Minimum Distribution (RMD) withdrawals from your retirement account(s) annually beginning the year you reach the RMD eligible age. RMD eligible age is:

  • Age 73 if you were born January 1, 1951, or later (The RMD eligible age will increase to age 75 after December 31, 2032)
  • Age 72 if you were born after June 30, 1949, and before January 1, 1951 (For individuals turning age 72 in 2023, no RMD payment is required in 2023)
  • Age 70 ½ if you were born before July 1, 1949.

Important considerations before deciding to move funds either into or out of a Corebridge Retirement Services account
There are many things to consider. For starters, you will want to carefully review and compare your existing account and the new account, including: fees and charges; guarantees and benefits; and, any limitations under either of the accounts. Also, you will want to know whether a surrender of your current account could result in charges. Your financial professional can help you review these and other important considerations. Consult a tax professional before making a decision to move funds either into or out of a Corebridge account.

Loans

Tax-free loans make it possible for you to access your account without permanently reducing your account balance. Five loans are permitted to be outstanding at a time. Defaulted loan amounts (not repaid on time) will be taxed as ordinary income and may be subject to a 10% federal tax penalty if you are under age 59½.

An array of investment choices

All contributions to your plan will be invested in either the Portfolio Director Fixed and Variable Annuity or the mutual fund options you designate. While both the annuity and mutual fund platforms offer a wide range of investment choices, you may not invest in both platforms at the same time.

Depending on your product type below, the following funds are available in your retirement plan. They provide you with the flexibility you need to create a suitably diversified portfolio that matches your personal retirement time horizon, investment risk tolerance, and investment preferences.

The Schwab Personal Choice Retirement Account (PCRA)®, a self-directed brokerage account, is also an available investment option. This option allows you to invest in expanded mutual fund investments within the retirement plan. If you have questions or need assistance, you can contact your financial professional or reach out directly to Schwab at 1.888.393.7272. Download the Schwab PCRA brochure to learn more.

To view or print a prospectus, access “Prospectuses and Other Important Materials”. The prospectus contains the investment objectives, risks, charges, expenses and other information about the respective investment companies that you should consider carefully before investing. Please read the prospectus carefully before investing or sending money. You can also request a copy by calling 1.800.428.2542.

To obtain a Portfolio Director prospectus and underlying fund prospectuses, visit corebridgefinancial.com/retirementservices or call 1.800.428.2542 and follow the prompts. The prospectuses contain the investment objectives, risks, charges, expenses and other information about the respective investment company that you should consider carefully before investing. Please read the prospectuses carefully before investing or sending money. Policy Form Series UIT-194, UITG-194 and UITG-194P.

 

 

 

RO 2767020 (03/2023)
A 1615710 (3/2025)