403(b) Tax-Deferred Annuity Plan

This optional program allows you to contribute money from your paycheck before you pay taxes and invest the money in the investments available with one of the 403(b) vendors. No taxes are paid on the contributions or earnings until you withdraw the funds at age 59-1/2 — or sooner if you become disabled.

• The IRS sets limits for maximum contributions.  For 2007, if you are under age 50, you can contribute up to $15,500.   In 2008, this limit will remain unchanged at $15,500. Those aged 50 and older can save even more, up to $20,500.
• You select and contact a 403(b) vendor from the following list of vendors authorized by FCPS. The 403(b) vendor is responsible for providing information and forms to you and FCPS.
• You may enroll at any time.
• You may contribute
  • just to a 403(b),
  • just to the 457(b), or
  • to both, up to the IRS limits for each

Important Notice for All 403(b) Eligible Employees Regarding New Transfer Rules

Summary of Changes Ahead for the FCPS 403(b)

Frozen Vendors

The following 403(b) vendors may continue to work with their existing FCPS clients–those currently contributing–but they cannot accept new FCPS clients. If you cease your 403(b) contributions with a frozen vendor, you cannot restart your contributions at a later time with the same organization or any other frozen vendor. You may want to contact your frozen vendor before you stop your contributions.

Kaplan Financial (formerly ABC Financial Center)
10333 Democracy Lane #B, Fairfax, VA 22030-2521
Telephone: 703-352-1780
FAX: 703-352-9116
Email: info@kaplanfinancial.org
Web: www.kaplanfinancial.org
Agents:
Bud Kaplan
Brad Kaplan
Scott Kaplan

USAA
Patricia Gallegos
9800 Fredericksburg Road
San Antonio, TX 78288
Telephone: 800-531-8292 option 2 ext. 76574
FAX: 877-529-8786

Note: This web page contains links to one or more web pages that are outside the FCPS network. FCPS does not control the content or relevancy of these pages.