Invest in Your Future
Building your retirement future
403(b) Tax-Sheltered Plan
Experts suggest that you contribute at least 10% of your annual income to a defined contribution plan to help you build enough savings to enjoy a secure retirement. Our 403(b) Tax-Sheltered Annuity Plan helps you do just that.
Your total employee contributions cannot exceed $24,500 for 2026 ($32,500 for those ages 50-59 or 64 and older, and $35,750 for those ages 60-63). These limits change annually per IRS discretion.
To view a full, detailed report that includes general 403(b) reminders and the special 15-year 403(b) Catch-Up option, click here.
Plan Highlights:
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- Enroll and manage your account from the App or desktop portal at any time.
- Employer match based on years of participation.
- Administered by Transamerica Retirement Solutions.
- Call (800) 755-5801 or visit Transamerica (must be launched in Google Chrome) to enroll.
- Contact HR Retirement at (559) 459-1919 or by email at [email protected]
You can contribute in two ways:
Traditional (pre-tax)
Pre-tax means your contributions are taken from each paycheck before taxes are withheld. This lowers your taxable income so that you pay less in federal and state taxes. However, you will be taxed once you withdraw your money in retirement.
Roth (after-tax)
Roth contributions are deducted from each paycheck after taxes are withheld. If you withdraw the money five (5) years after the first Roth deposit and you’re over age 59½, no taxes are owed on either the principal or interest earned. This is a great option if you expect to be in a higher tax bracket when you retire.
Employer match
Community offers a matching contribution based on your years of participation providing you with additional money in retirement.
Here's how it works
If you are not an active participant in the Pension Plan, Community will begin contributing a matching contribution after you have met the eligibility requirements of one (1) year of service with at least 1,000 hours worked. Your match entry commencement date will be the next following January 1 or July 1 after the eligibility requirements have been met.
Community will contribute a match each pay period if you are contributing at least 2% of your pay. Community’s company match will be based on your years of participation as shown in the table below. To maximize your match, contribute at least 2% of your bi-weekly pay each pay period.
Years of Participation
1-4
5-9
10-14
15+
Community Contribution
4%
5%
6%
7%
Investments
Community has partnered with UBS Financial and Transamerica Retirement Solutions as our retirement funds manager, giving you the flexibility to proactively manage your accounts through a variety of mutual fund options. Alternatively, you can choose a mutual fund with a retirement date-based approach. Transamerica also lets you set up a Schwab Personal Choice Retirement Account (PCRA) for even more investment choices. Visit Transamerica for personalized help with your retirement planning.
Financial advice
Choosing the right investment options is one of the most-important actions you can take. If you have any questions, free advice is available through our financial advisors at UBS Financial by calling (888) 809-0080.
Help with your retirement planning
Transamerica offers portfolio express or personalized, managed advice. You can also take advantage of one-on-one financial consultations, financial webinars, calculators, and forecasters for free all at your fingertips. Visit Transamerica to learn more.