403b Plan

403(b) Retirement Savings Plan

The Hamilton County School System offers a 403(b) Tax Sheltered Annuity Plan for all employees.

A 403(b) allows employees to make elective deferrals towards a retirement plan (these are contributions made under a salary reduction agreement). The employer withholds money from the employee’s paycheck to contribute directly into a 403(b) account. The employee does not pay taxes on these contributions until the money is withdrawn, usually after the employee retires.

The limit on elective deferrals for 2020 is $19,500 unless you reach 50 years of age during the year in which case you would be eligible to contribute an additional $6,500. Deferrals may not exceed 100% of your wages. Refer to the Tax Sheltered Annuities document below for the list of participating companies that provide annuities or funds available to payroll deduct tax deferred money for retirement savings. Contact the vendor of your choice for more information. The vendor will assist you with the process of setting up a payroll deduction and will assist you with any questions you may have.

2020 Universal Availability Notification

403b Distribution Instructions


Participants may only make contributions to the following vendors:

Valic (formerly AIG Retirement)


Roland McIntyre
(423) 402-1484
roland.mcintyre@valic.com

Jack Berghel Rep.
(423) 596-0964
Jack.berghel@valic.com




Oracle Wealth Management- a franchise of Ameriprise Financial (formerly IDS)


Jimmy Scotchie Rep.
(423) 424-3301
(423) 424-3334 (fax)
6111 Shallowford Road
Ste. 101
Chattanooga, TN 37421
james.m.scotchie@ampf.com


Horace Mann


Connie Dillon Rep.
(423) 894-9541
(423) 855-9100
(423) 400-5613 (cell)
1420 A. South Moore Road
Chattanooga, TN 37412
connie.dillion@horacemann.com


Voya (formerly Reliastar and ING)


Clifford Gould Rep.
(423) 843-2517
(423) 503-7480 (cell)
1225 Ashes Avenue
Soddy Daisy, TN  37379
cliff.gould@epbfi.com
cgould@gwnsecurities.com

Wesley Coxwell Rep.
(423) 227-2599
(423) 521-6377 (fax)
wcoxwell@gwnsecurities.com


Security Benefit (formerly NEA Valuebuilder)

Tyson Asay Rep.
(423) 355-5077
(801) 518-7506 (cell)
tysonasay@legendequities.com

Luane Culpepper Rep.
(423) 756-4993
luane@davisfinancialinc.com




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