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403 (b)/457 Retirement Plans

The CSD Retirement Trust provides options for tax deferred 403(b) and 457 plans and for after-tax Roth 403(b) and Roth 457 plans for R-7 employees.

Benefits of the CSD Retirement Trust:

  • Focus on employee financial education
  • Increase employee retirement plan participation
  • Gain group purchasing power
  • Lower participant fees and expenses, where possible
  • Create fee transparency
  • Assist with retirement plan compliance and administration
  • Offer a selection and provide oversight on a menu of low cost, best-in-class mutual funds from companies like: Vanguard, American Century, American Funds, T. Rowe Price, and Fidelity
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CSD Retirement Trust - created for educators by educators trust
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Learn about the options and service offerings with Corebridge Financial (former AIG Retirement Services) through the CSD Retirement Trust by watching this video.

Retirement Plan Contribution Limits

Tax Qualified Contribution Limits 2023 2024
403(b), 401(k) and SARSEP elective salary deferral limit
(applies to the total of pretax and Roth 403(b) and 401(k) contributions)
$22,500 $23,000
457(b) deferral limit $22,500 $23,000
403(b), 457(b), 401(k), SARSEP age 50 or older catch-up limit*
(not applicable to nongovernmental 457(b) plans)
$7,500 $7,500
457(b) service-based catch-up for employees who have under contributed in prior years and are within the last three taxable years ending the year before the year they attain normal retirement age as specified under the plan. (457(b) plan participants who are eligible for both the age-based and service-based contributions cannot combine the two catch-up amounts, but may contribute up to the higher amount) $22,500 $23,000
403(b) service-based catch-up for employees with 15 or more years of service who work for a qualifying employer and have undercontributed in prior years $3,000 $3,000

* Note: You can’t use both the 457(b) service-based catch-up provision and the age-based catch-up provision in the same year. However, you can use whichever is greater. Please note that the age-based catch-up provision is not available to participants in nongovernmental 457(b) plans.

For individuals contributing to multiple plans, the limits are not per plan but apply across all plans.

This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting or tax advice, nor is it intended to make any recommendations. Applicable laws and regulations are complex and subject to change. Please consult with your financial professional regarding your situation. For legal, accounting or tax advice consult the appropriate professional.

LSR7 CSD Trust Financial Advisor Assignments

Photo of advisor Zak Madelen

 

Zak Madelen

13220 Metcalf Ave., Suite 360
Overland Park, KC 66213
Cell: 816.589.9313
Office: 913.402.5000

Email Zak

High Schools: Lee's Summit North, Lee's Summit West

Middle Schools: Pleasant Lea Middle, East Trails Middle, Summit Lakes Middle

Elementary: Cedar Creek, Greenwood, Hazel Grove, Longview Farm, Pleasant Lea, Richardson, Summit Pointe, Trailridge, Underwood

Other: Aquatic Center, Before & After School Services, Maintenance, Miller Park Center, Transportation, Safety, Stansberry Leadership Center

Photo of advisor William Serota

 

William Serota

13220 Metcalf Ave., Suite 360
Overland Park, KC 66213
Cell: 816.602.4986
Office: 913.402.5000
 

High Schools: Lee's Summit High School, Summit Technology Academy, Summit Ridge Academy

Middle Schools: Bernard Campbell Middle, Hilltop School

Elementary: Hawthorn Hill, Highland Park, Lee's Summit Elementary, Mason, Meadow Lane, Prairie View, Sunset Valley, Westview, Woodland

Other: Food Service, Great Beginnings, Purchasing & Warehouse Distribution

Lead Advisor:

Coming Soon

Divisional Vice President:

Fred Brandenburg
165 South Union Blvd, Suite 600
Lakewood, CO 80228

Cell: 816-529-7936
Office: 720-962-8000
Fred.Brandenburg@corebridgefinancial.com

Learn More

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Additional Information

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LSR7 Benefit Stories

I cannot say enough good things about the Complete Health and Wellness Center! Every single time I have interacted with staff they have been welcoming and kind. I had a telehealth appointment scheduled and after talking through my concerns, Shelly Lynch had me come on in to the clinic for an in person exam so that she would be able to refer me on to additional services. The staff is accommodating, understanding, and very professional. What a great benefit for our LSR7 staff!

- Ashley Brouillette, Teacher, PVE

Erin Jensen helps me with any questions I have, it does not matter what it is!!! I have her in my phone for quick dial because she seriously is my "Go To" person! And if she does not know the answer, which by the way is not often, she wil lfind out for me and get right back with me. She is awesome!!

- Debbie Griffey, Production Staff, HHE Cafeteria

I came to the CHWC with some symptoms that were fairly severe. Not only did the provider I saw take plenty of time to consider a variety of possible causes and remedies, but also offered help with follow-up questions and emailed me several resources. They called a week later to check on how I was doing and continued to offer support weeks after my initial visit. The care I received from the provider, nurses, and other staff at CHWC was far beyond any medical care and follow-up I have ever received.

- Sarah Courtney, Teacher, LSNHS

The drive-up COVID testing was easy and fast with a friendly nurse. And, the follow-up provided helpful, practical advice. I learned things about COVID from the Center's nurse practitioner that I'd never heard before elsewhere! The Wellness Center is a gr8 benefit to employees, and this is not my first positive experience. Through the annual health assessment report (and accompanying LSR7 Inspiring Balance Employee Wellbeing Program), I have improved most all of my "stats and digits."

- David Jackson, Admin Secretary, HPE

Erin Jensen has been so very patient and helpful in assisting me with all the necessary details to complete the new hire beneifts packet. I know that she (as well as others in the Beneifts department) are extremely busy processing important information for many others in the district, however, she in particular has been a "jewel"...Again, Thank you Erin, YOU ROCK!!

- Michell Owens, Teacher, LSNHS

The receptionist greeted me with a smile under her mask and she worked to get me in safely to the clinic. The nurse worked patiently to verify which lab work my doctor was requesting. I appreciate them working in a safe and friendly manner.

- Susan Murphy, Paraprofessional, GBEEC