403(B) PLANS
Interested in investing in your future? TIME Organization offers a 403B Plan through AXA!
(This option is only available to full-time and contractual employees):
What is a "403(b)" plan?
Named for the section of the Internal Revenue Code that created it, 403(b) plans enable an employer to offer an annuity contract or mutual fund custodial account to employees. Employees can make pre-tax contributions and if the plan permits, Roth after-tax contributions.
What can a 403(b) plan do for me?
Easy, direct savings
Your contributions are deducted directly from your paycheck, and are invested with the funding vehicle you choose (among choices offered by your employer).
Contributions and earnings
If you make pre-tax contributions, these will not be taxed at the time of the contribution. Pre-tax contributions and any earnings are taxed when you take the money out. If your employer's plan permits Roth contributions, these contributions are made with after-tax dollars. When distributed, Roth 403(b) earnings are not subject to federal income taxes (and possibly state income taxes) provided they have been held for at least five years prior to distribution and one of the following qualifying events has occurred: age 59 1/2, disability, or death.
For more information, please contact the Human Resources Department ([email protected]).
Enter the in the subject line 403B*
