Retirement Plans

On this page:

Tax-Sheltered Retirement Plans (403(b) & 457(b))

All employees may enroll in the following tax-advantaged retirement savings plans to supplement their CalSTRS, CalPERS pension or the FICA Alternative Plan.

403(b) Tax-Sheltered Annuity (TSA)

A 403(b) is a retirement savings plan authorized by the IRS that allows you to save for retirement through convenient payroll deductions. Since your CalSTRS or CalPERS pension or savings plan may replace only a portion of your pre-retirement income, a 403(b) can help you build additional retirement savings to bridge the gap.

The Fringe Benefits Consortium (FBC) Deferred Compensation Program offers 403(b) plans designed specifically to help educators grow their retirement savings and achieve their long-term financial goals.

Available contribution options:

403(b) (Traditional): Pre-tax contributions
403(b) (Roth): After-tax (Roth) contributions

457(b) Deferred Compensation Plan (DCP)

A 457(b) is an IRS-authorized deferred compensation plan that allows eligible employees to save additional money for retirement through payroll deductions. Like the 403(b), it is designed to supplement your CalSTRS or CalPERS pension and help you prepare for retirement.

Available contribution options:

457(b) (Traditional): Pre-tax contributions
457(b) (Roth): After-tax (Roth) contributions

Here are the steps to set up and enroll in a 403(b) or 457(b) plan:

1. Select an Investment Provider

Please view a list of district approved vendors 403(b) and 457(b) District Approved Vendors or visit 403bCompare.com. Once you're on the site, go to the "FIND EMPLOYER" at the top left corner of the screen. Type in San Diego Community College. If you click on any of the vendors, you can find their supplier ID, contact and product information. You can also select up to three products to compare side by side, by selecting "COMPARE PRODUCTS" at the top of the page. This view will show what the vendor charges for Annual Costs, Surrender Fees, Commissions, and lists the Average Expense Ratio for the product.

Retirement advisors are available by email at [email protected] or by phone at (833) Plan-FBC (833-752-6355).

2. Open Your Account

After selecting a vendor, contact them directly to open your retirement plan account.

3. Complete a Salary Reduction Agreement (SRA)

Once your account is open, complete the appropriate Salary Reduction Agreement form:

403(b) Salary Reduction Agreement

457(b) Salary Reduction Agreement

Please note if you complete and submit the SRA without opening your account first, contributions may be returned to you.

4. Submit Your Form

Send the completed form SRA to the District's third-party administrator, SchoolFirst Federal Credit Union

Fax: (714) 258-4262
Email: [email protected].

SchoolsFirst will then send our District the salary reduction amount and we'll set up the deduction on your next paycheck.

After SchoolsFirst has set up your elected deferral amount, you may adjust your contribution amount online.

Please visit pa.schoolsfirstfcu.org and log in to your Plan Vue account.

If you do not have a Plan Vue account, please

Enter your Social Security Number (no dashes) as your User ID.
Enter the last 4 digits of your SSN as your Password.
Select the Employee Role
Answer the Alternative Verification Question.
Select a new User ID and Password and then confirm
Update your email and phone number under the Personal Profile tab

For assistance with accessing or setting up an account, please contact SchoolsFirst at 800.462.8328, ext.4727