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Important Notice

We recently learned Amundi Pioneer’s phone number has been used as part of a spoofing scam perpetrated by certain bad actors unassociated with our firm. In conducting this scam these individuals are requesting social security numbers and/or other sensitive personal information in connection with a sweepstakes entry or other promotion. Such phone calls are not from Amundi Pioneer. We would never communicate with our clients or others in this manner. If you receive such a call, you should hang up and not provide any personal information. Please feel free to contact us directly with any questions or concerns. To learn more about similar scams and what you can do to prevent telemarketing fraud, please visit https://www.fcc.gov/consumers/guides/spoofing-and-caller-id »

403(b) Plan

Also known as a Tax-Sheltered Account (TSA), a 403(b) plan is available only to employees of public schools, nonprofit hospitals and other specific tax-exempt organizations. This plan lets employees set aside a portion of their salary, before taxes, through payroll deduction.
Untitled Document
 
Who May Establish Employees of public schools and tax-exempt 501(c)(3) organizations.
Establishment Deadline Before employee contributions begin.
Contribution Deadline Salary deferral contributions generally deposited with each pay period.
Who Contributes Generally employees.
Annual Contribution Limit Generally, for 2018, 100% of pay up to $18,500 ($24,500 if age 50 or older). Special "catch-up" elections may increase the contribution limit.¹
Contribution Requirements Contributions are discretionary each year.
Employee Eligibility Determined by employer's plan.
Vesting Always 100% for employee contributions.
Withdrawals Determined by employer's plan.
Loan Feature No longer offered on Amundi Pioneer 403(b) accounts effective
Nov. 1, 2011
Plan Administration Employer.

 

1Additional catch-up contributions may be available to participants with 15 years of service with the same employer.

This material is not intended to replace the advice of a qualified attorney, tax advisor, or insurance agent. Before your client makes any financial commitment regarding the issues discussed here, make sure he or she consults with the appropriate professional advisor.