Noblesville Schools 403(b) Deferred Compensation Plan Overview

This document describes the deferred compensation plans available to eligible employees of Noblesville Schools, including 403(b) and 457(b) plans with options for pre-tax and Roth deferrals, and details on matching contributions.

EMPLOYER SPONSORED DEFERRED COMPENSATION ACCOUNT The Noblesville Schools 403(b) Plan allows eligible employees to save for retirement. Eligible employees may elect to reduce compensation by a specified amount and have that amount contributed to the Plan as an elective deferral. There are two types of elective deferrals: Pre-Tax Deferrals and Roth Deferrals. For purposes of this notice, "elective deferrals" means both Pre-Tax Deferrals and Roth Deferrals. Noblesville Schools also offers elective deferrals to a 457(b) Plan. Regardless of the type of elective deferral, the amount deferred is counted as compensation for purposes of Social Security taxes. Each Plan is subject to annual contribution limits set by the IRS. Eligible certified employees will receive matching contributions to a 401(a) account in accordance with the Contract Agreement. Eligible classified employees will receive 2.0% matching contributions to a 401(a) account. Nationwide Contact: Patrick Burkhart 260-385-6336 Burkhp3@nationwide.com www.nrsforu.com