CCA Retirement Plan Information
TIAA 403(b) Retirement Plan
Providing retirement benefits is one important way we care for CCA employees and their families. The CCA retirement plan administered through TIAA provides employees with the opportunity to build savings to meet long-term financial goals. The plan gives you two ways to save:
- You may contribute to the Traditional 403(b) plan on a pre-tax basis, and/or
- You may contribute to the Roth 403(b) plan on a post-tax basis
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Traditional 403(b) Plan |
Roth 403(b) Plan |
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Plan Benefits |
Save for your future with pre-tax dollars. |
Save for your future with post-tax dollars. |
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Tax Advantages |
Your contributions are tax free and lower your taxable income now. You pay tax on your contributions and investment earnings when you withdraw funds during retirement. |
Your contributions are made with post tax dollars. When you withdraw funds during retirement, you do not pay taxes on your contributions; however, your investment earnings may be subject to state income tax. |
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Annual Contribution Limits |
IRS combined annual maximum for 2024 is $23,000; once you reach age 50, you can make additional contributions up to $7,500. |
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Employer Match |
CCA will match an eligible participant's contributions up to 2.5% of your salary. CCA's contributions are vested after two years of service. Please note that the CCA match is calculated on a per pay period basis. To take full advantage of the match, it is recommended that you disperse your contributions over the full calendar year. |
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Plan Investments |
Wide range of funds available, including a brokerage option; make and change investments online at tiaa-cref.org/cca. |
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Rollovers |
You can choose to rollover your 401(k) or 403(b) from a former employer. Please contact TIAA at 800-842-2252 to speak with a financial consultant who can walk you though the process. |
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Enrollment |
You can start, stop and change your retirement elections at anytime in Workday. Type "Retirement Savings Elections" in the Workday search bar and follow the prompts from there. |
No Cost Retirement & Financial Planning Online Consultations
No cost personal financial consulting with a licensed advisor from SageView Advisory Group, CCA’s retirement advisor, is available to all employees. SageView's Eric Weissman is available to discuss retirement plans or other financial matters. Get help with topics such as:
- Investment Allocation
- Budgeting & Saving Strategies
- Retirement Income Analysis
CCA employees may reach out to Eric directly using his contact information below.
Financial Wellness Consultant
SageView Advisory Group
(650) 446-3790
CCA Retirement Plan Contact Information
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For Workday assistance |
Contact benefits@cca.edu |
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For questions related to rollovers, loans, plan rules or distributions |
Contact TIAA at (800) 842-2252 |
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For questions related to retirement and financial planning |
Contact Eric Weissman, SageView Advisory Group, (650) 446-3790, eweissman@sageviewadvisory.com |