403b/457b Information

CARES Act provisions and financial considerations to review during this stressful time of Covid-19:


Retirement Readiness Review

Individual Appointments

Click on this link below to schedule an appointment on a day and time of your choice

Miguel A. Marín  |  Retirement Plan Advisor
Empower Retirement

FBC Deferred Compensation Program


To schedule a VIRTUAL or PHONE meeting with your
Retirement Plan Advisor, Miguel Marin, please go to:




Empower is the only TSA approved vendor


Learn more about your Pension and
403b/457 Plans







- STRS-How to close your income gap – Tuesday, June 7th @4pm.

-Women & Retirement Planning – Wednesday, June 8th @4pm.

-Understanding 403(b) & 457(b) plans – Thursday, June 9th @4pm.

-403(b)/457(b)Enrollment workshop – Tuesday, June 14th @4pm.

-403(b)/457(b)Enrollment workshop – Tuesday, June 21st @4pm.

 -PERS-How to close your income gap – Tuesday, June 28th @4pm.

Use the Online Enrollment Flyer at the bottom of this page to get the link to register





403b & 457 Programs: 
Third Party Administrator:   

Effective December 1, 2019, SchoolsFirst Plan Administration, LLC, will replace National Benefits Services as the Plan Administrator for the San Diego County Office of Education/Fringe Benefits Consortium's Deferred Compensation Program, covering the 403(b), 401(a), and 457(b) and 3121 Plans. Please note that this change does not affect Empower Retirement, who will remain the preferred Investment  Provider with the Plan.



Information, forms and instructions and more can be found on SchoolsFirst's website. SchoolsFirst's webpage
403b and 457 plans are voluntary retirement plans. They give you the opportunity to contribute to additional retirement funds with pre-tax dollars. Investments can be made to both a 403b and a 457.
ALL employee classes are eligible to participate in this program. Full-time, Part-time, Substitutes, etc.....
To get started:
  • Choose a company from the Approved Vendor lists below.
    • You can compare 403b companies at 403b Compare's website.
    • 457 vendors you call directly. Phone numbers are on the Approved Vendor list below.
  • Contact the company to set up investment account.
    • The company will have paperwork for you to complete to set up the accounts.
  • Once Account is set up with the company
      Visit the SchoolsFirst's Forms website at  SchoolsFirst's
If making excess contributions a Maximum Contribution Worksheet must accompany the Salary Reduction Agreement form.
Differences between the 403(b) Plan and the 457(b) Plan:
403(b) 457(b)
  • Withdrawing funds prior to age 59 ½ incurs a 10% early withdrawal penalty levied by the IRS.
  • No 10% penalty for early withdrawal.
  •  Attainment of age 59 ½ qualifies as a distributable event that permits you to withdraw funds from your account.
  • Attainment of age 59 ½ does not qualify as a distributable event.
  • There are many vendors who offer 403(b) plans within your district.
  • The FBC Plan may be the only 457(b) option within your district.
  • 403(b) plans may permit you to exceed the $20,500* annual contribution limit if you have at least 15 years of service with our current employer.
  • No 15 years of service catch-up option.
  • No catch-up for entering your final 3 years of services of service prior to retirement.
  • 457(b) plans may allow you to exceed the $20,500* annual contribution limit if you are entering your final 3 years of employment prior to retirement.