Page 15 - 12202017 Bryant Test 2

Enrollment Requirements

All eligible employees, with the specific exception of school board members (school board members may
be eligible to participate in the 457(b) Plan) may elect to contribute to a 403(b) or 457(b) account through
salary reductions. Any employee who wishes to establish a 403(b) or a 457(b) account should choose a
provider approved by your employer listed on page 23.

The approved providers offer a wide array of financial accounts with varying degrees of risk and security.
You should contact the providers for specific details of each product they offer in the 403(b) or 457(b)
Plan. It is important that you select an account that is suited for your individual needs, budget and risk
tolerances.

How do I select a vendor?

The list of approved vendors, will be in two categories.
One for the 403(b) tax sheltered annuity vendors and
the other for the 457(b) Deferred Compensation
vendors. Most employers have a brief staff meeting
once per year regarding the 457(b) Plan, since a
deferred compensation plan is an employer sponsored
benefit. Things to consider include the following:
company financial ratings, endorsements and
reputation of the company, knowledge and years of
experience of the representative, interest rates and
bonus rates, minimum guaranteed rate, surrender
penalties, share prices and/or cost and fees on Mutual
Funds, fees on all products, variable annuity sub-
accounts and other fees, and other available details
about the products. Once a vendor has been selected,
you will meet with the representative and complete a
new application for your account.

New Accounts - A Salary Reduction Agreement (SRA)
must be submitted to your payroll department signed
by each employee to allow participation. Usually, your
representative will submit this form to your payroll
department on your behalf. However, each employee
is responsible for checking with the Payroll Department
to verify that the new request has been established.
Contribution limits are set by the Internal Revenue
Service and are listed on page 12. Make certain that
your contributions from all accounts do not exceed the
annual limits. All new 457(b) deductions must be
requested the month prior to the payroll the deferral is
withheld.

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