Tax Sheltered Annuities and Deferred Compensation Company Listing

Beginning January 1, 2009, CPI became the district's Third Party Administrator (TPA) responsible for remittance of contributions, testing contribution limits, and providing a compliance umbrella that ensures hardship withdrawals and transfers are made correctly.  As the Plan model unfolded, some low-cost mutual fund investment vendors were dropped from the Plan.  Consequently, district administrators investigated creative options that would allow district employees to continue contributions to these low-cost mutual fund products.  Based on referrals from other Washington school districts and significant due diligence, the district adopted two distinct 403(b) Plans as follows:

     (1) The CPI Common Remitter Plan; and
     (2) The Selected Vendors Plan.

The CPI Common Remitter Plan will continue to operate as it has in the past, with individual vendors performing the record keeping responsibilities and CPI performing the remitting and compliance duties.

The Selected Vendors Plan will be administered by Carruth Compliance Consulting, Inc. (CCC), an Oregon corporation with more than ten years of experience administering public school district 403(b) Plans.  The Selected Vendors Plan was designed by CCC specifically to meet the needs of Tacoma Public Schools and provided two low-cost mutual fund options that are unavailable in the CPI Common Remitter Plan. CCC assumes the record keeping and compliance responsibilities for all investment vendors under the Selected Vendors Plan.

Vendors for both plans are listed below.

NOTE:  An account must be established with your chosen vendor prior to contacting CPI.  To access the CPI system for the first time, log onto the website at https://www.cpicrs.com.  For prompt access, please have the six digit plan reference number (103613), the last four digits of your social security number (SSN) and date of birth available.  The first time you log onto the website, you will be required to choose a new user name other than the last four digits of your SSN.  You will also be prompted to establish a password of your choosing.

Vendors under this plan include:

• American Funds
• Fidelity Investments
• The Vanguard Group

Selected Vendors Plan general information is available at the following URL:

www.ncompliance.com/guest_employees.aspx?EmployerID=120

If you already have an inactive (not closed or transferred) account with Fidelity or Vanguard from prior participation in the Tacoma School District 403(b) Program, you may submit a Selected Vendors Plan Salary Reduction Agreement immediately.  The form is available at the following URL:

www.ncompliance.com/guest_employeesra.aspx?EmployerID=120

If you do not already have an account with Fidelity or Vanguard and would like to begin contributions under the Selected Vendors Plan, please follow the enrollment procedures available at the following URL:

www.ncompliance.com/guest_employerenrollment.aspx?EmployerID=120