Common use of 403(b) and 457 Plans Clause in Contracts

403(b) and 457 Plans. Unit members may participate in the District approved tax 45 sheltered annuity plans, including the 403(b) and 457 plans, through voluntary 1 payroll deduction. The District shall pay the fees, if any, of a third-party 2 administrator who will be responsible for plan administration and compliance. The 3 District shall consult with TALB when considering a change in the 403(b) or 457 4 third party administrator. 5

403(b) and 457 Plans. Unit members may participate in the District approved tax 45 sheltered annuity plans, including the 403(b) and 457 plans, through voluntary 1 payroll deduction. The District shall pay the fees, if any, of a third-third party administrator 2 administrator who will be responsible for plan administration and compliance. The 3 District shall 3 consult with TALB when considering a change in the 403(b) or 457 4 third party 4 administrator. 5.