403(b) Plan Employer Contribution
The college sponsors a defined contribution retirement plan under the provisions of Internal Revenue Code Section 403(b), the Johnson County Community College 403(b) Plan. The college currently contributes an amount to the 403(b) Plan equivalent to 8% of the employee’s base salary, each pay period, for newly benefit eligible full-time regular employees.
The 403(b) Plan employer contribution must be invested with one of the following:
- Lincoln Financial Group
Follow these instructions to enroll with a 403(b) Plan employer contribution provider.
Employees are immediately vested in these employer contributions.
The college currently contributes 7% of the employees base salary to the 403(b) Plan for full-time regular employees with a benefit eligibility date prior to June 1, 2014 unless the employee has irrevocably elected to not receive flex-credit funding for benefits, in which case the college will contribute 8%.