To: Dover School District Employees

Interoffice Memo

Interoffice Memo

To: Dover School District employees

From: Silvia Weeks

RE: Participation in 403b plan

Attached is a list of our 403b companies. You need to contact any of the companies listed directly to set up your account. Do not contact any company not on this list.

A new company can be added as long as there are 10 employees wishing to participate with that company.

The IRS elective deferral amount for 2016 is $18,000. Employees over age 50 may contribute an additional $6,000. Additional contributions @ $3,000 may be available to employees of the district with at least 15 years of service. Please have your representative run a MAC (Maximum Amount Contributable) for your specific situation in order to maximize your investment.

This deduction is pretax and will shelter your contribution from Federal Withholding Tax.

The Dover School District does not match funds contributed to the 403b account.

If you have any questions or need further information, please call me @ 516-6812.

6/8/99 Confidential 1