Educators Benefits Consultants, LLC, is the school district’s third-party administrator for our 403(b) Plan. EBC will handle all transfers, exchanges, rollovers, loans, and hardship withdrawals. If you are in need of any of these types of transactions, please contact your financial advisor to begin the necessary paperwork. Once complete, EBC will work with your financial advisor to process your request.
If you are an investment provider, or self-directing your 403(b) investments, please click to access the 403(b) Plan Transaction Processing Kit.
All employees who work 20 hours or more per week have the opportunity to enroll in the Waconia Public Schools 403(b) Plan. There are six vendors and financial advisors to choose from: Ameriprise Financial, Educators Financial Services, Inc., VOYA, Horace Mann, Thrivent, and Edward Jones.
Employees who wish to have a tax-deferred payroll deduction from one of these vendors/financial advisors, must submit a Salary Reduction Agreement to the district's Payroll Office. The Salary Reduction Agreement must be signed by both the financial advisor and the employee.
For information regarding school district matching contributions, please refer to your employee work agreement.
For 403(b), TRA, or PERA payroll deduction questions, please contact:
Tina Vinkemeier, Payroll Specialist