Portland Public Schools is an equal opportunity and affirmative action educator and employer. Revised November 12, 2019
2020 403(b) TSA Plan Announcement
Supplemental Retirement Saving Opportunity
PPS offers an excellent program through which you may contribute a portion of your current income into a
supplemental retirement savings account. This account is in addition to your PERS retirement savings. This
retirement savings program is offered under Section 403(b) of the Internal Revenue Code, and is called the Tax-
Sheltered Annuity Plan (“TSA Plan”).
All employees are eligible to contribute to the TSA Plan
You may begin participating in the TSA Plan at any time by establishing an investment account with an approved
vendor, and completing your enrollment online through PeopleSoft Employee Self-Service. For information on
enrolling or changing your contributions online, please visit http://www.pps.net/Page/7324. The minimum annual
contribution to a 403(b) account is $200.00.
In addition to “traditional” pre-tax 403(b) supplemental retirement savings opportunities, your TSA Plan offers
after-tax Roth 403(b) retirement savings opportunities. Roth contributions, and attributable earnings, must be
maintained in a separate designated Roth account.
403(b) TSA Contribution Limits for 2020
The basic elective deferral limit for 2020 is the lesser of $19,500 or 100% of your compensation.
If your 50
th
birth date occurs on or before December 31, 2020, you are eligible to defer an additional $6,500,
provided your compensation is large enough to allow the extra deferral.
Finally, if you will have at least 15 years of full-time equivalent service with Portland Public Schools by
December 31, 2020, then you may be eligible to contribute up to an additional $3,000 during 2020. If you are
planning to make contributions to utilize this catch-up feature, please contact Carruth Compliance Consulting to
confirm your maximum allowable contributions for 2020.
Plan Information Is Available on the Web
Comprehensive information about the PPS 403(b) TSA Plan is available on the web at www.ncompliance.com,
including enrollment procedures, vendor information, transaction information, and educational materials. If you
are starting contributions to a new vendor, you MUST establish a PPS account with the new
vendor. You may increase, decrease, or stop contributions to the TSA Plan or change the vendor receiving
contributions at any time by logging onto PeopleSoft Employee Self Service (https://selfservice.pps.net). For
instructions on how to enroll or make changes, please see: https://www.pps.net/Page/1660 and select Online
Enrollment Instructions. Educational information is available on the Carruth Compliance website to make it easy
for you to learn more about supplemental retirement savings plans and retirement readiness. We encourage you to
explore this information at www.ncompliance.com/education.aspx.
Participant Responsibilities
Participants are responsible for monitoring account activity regularly for accuracy (e.g., deposits of your
contributions), updating contact and beneficiary information. If you believe that a problem may exist, please
contact CCC (see contact information below) or your employer.
Limits described above apply to your total contributions to all 403(b) Plans in which you participate during a
given year. If you have more than 50% control of a corporation, partnership, and/or sole proprietorship, then the
above limit is based on contributions made to this Plan as well as contributions made to any 403(b) or qualified
plans maintained by the businesses you control. If you control another business that maintains a plan in which you
participate, then you are responsible for providing CCC or your employer with information necessary to apply the
annual contribution limits.
Additional Information Available from Third Party Administrator
Portland Public Schools has adopted the services of Carruth Compliance Consulting, Inc. (CCC), an independent
third party administrator, to provide compliance and administration services for the 403(b) TSA Plan. For
questions regarding the PPS 403(b) TSA Plan please contact CCC at:
Carruth Compliance Consulting, Inc. 11515 SW Durham Road, Suite E-10
E-mail: cccinfo@ncompliance.com Tigard, OR 97224
Phone: 503-968-8961 Toll-Free: 877-222-3090
Portland Public Schools is an equal opportunity and affirmative action educator and employer. Revised November 12, 2019
Portland Public Schools 403(b) Vendors
AIG Retirement (formerly VALIC)
– Plan ID# 01535 (Roth 403(b) accounts available)
Ida West
- 503-886-9253 email: IDA.WEST@VALIC.com
Jay Edwards
– 503-939-0388 email: jay.edwards@valic.com
George Kimble
– 503-276-1406 email george.kim[email protected]
American Funds Distributors, Inc
– Plan ID# 214271841
American Funds 403(b) Customer Service
- 800-421-4225
Website
: https://www.americanfunds.com/individual/service-and-support/advisor-locator.html
Bryce Anderson
- 503-788-4300 email: banders[email protected]t
Christy Aleckson (Single Point Financial Advisors)
- 503 350-2321 email: christy@singlepointadvisors.com
David Ross (Edward Jones Investments)
- 503 721-0011 email: david.ros[email protected]
Mike Patterson (The Guidance Group)
- (503) 452-0913 email: mikep@theguidancegroup.com
Jared Virtue (Northwestern (Mutual) –
503-798-9262 email: jared.virtue@nm.com
Ameriprise Financial
– Plan ID# 152595534001
Andrew Pollack
- 503-473-8180 email: andrew.d.pollack@ampf.com
Jon Sullivan (Schmitt, Sullivan and Associates)
- 503-452-6066 email: Jon.[email protected]
AXA Equitable Life Insurance Company
– Plan ID# 008974 (Roth 403(b) accounts available)
Amy Schlager
- 503-243-4301 email: amy.schlager@axa-advisors.com
Graham Porozni
- 503-244-1155 email: Grahm.Porozni@axa-advisors.com
James (Jim) Meurer
- 503-243-4315 email: james.meur[email protected]om
Fidelity Investments
– Plan ID# 52099 (Roth 403(b) accounts available)
403(b) Customer Service (Participants and Plan Sponsors)
- 800-343-0860
Account Setup
: nbacctopen.fidelity.com/
Foresters Financial/Delaware Funds
– Plan ID# B250045 (Roth 403(b) accounts available)
Sue Perry
- 503-296-7676 x224 email: susan.perry@foresters.com
Invesco (formerly Oppenheimer Funds Distributors, Inc.)
– Plan ID# 77257 (Roth 403(b) accounts available)
Retirement Services OppenheimerFunds
- (800) 835-7305
Lincoln Financial Group by Lincoln National Corporation
– Plan ID# CR03347 (Roth 403(b) accounts available)
Ryan Hill
- 503-568-4305 email: Ryan.Hill@lfg.com
PlanMember Services
– Plan ID# 803007406 (Roth 403(b) accounts available)
Jim Mustard
– 503-620-6628 email: jim@unitedfinancialnw.com
Nick Hankerson
– 503-922-1282 email: nick@unitedfinancialnw.com
ReliaStar Life Insurance Company
– Plan ID# AY02 (Roth 403(b) accounts available)
Christy Aleckson (Single Point Financial Advisors)
- 503 350-2321 email: christy@singlepointadvisors.com
Rolf Ellingsen
- 503 517-9363 email: Rolf.Ellin[email protected]
Joe Michielsen
- 503-517-9363 email: jmichielsen@voyafa.com
Security Benefit Life Insurance Company
– Plan ID# B00236101 (Mutual Funds) 004664 (Annuities) (Roth 403(b) accounts available)
Bryce Anderson
- 503-788-4300 email: banders[email protected]t
Ed Foster (Foster & Associates)
- 503-683-2033 email: ed.foster@fosterassoc.com
Vanguard (Newport Trust Company, Administrator)
Plan ID # V10100690 (Roth 403(b) accounts available)
To open a 403(b) account, please go to the Vanguard application page. https://www.vanguard403bservices.com/common/registration/vanguard
Type in Portland Public Schools Plan ID V10100690 and follow the prompts.
Voya Retirement Insurance and Annuity Company (VRIAC)
– Plan ID# VT1157 (Roth 403(b) accounts available)
Bryce Griffith
Rolf Ellingsen
- 503 517-9363 email: Rolf.Ellin[email protected]
Scott Wilson (Primary)
- 503-517-9363 email: Swilson@voyafa.com
Waddell & Reed, Inc
– Plan ID# 10811404
