How do I start a 403(b)? Step 1 Research available vendors from the Vendor List, as well as various investment options offered by each vendor. Strive to understand all investment fees, operating rules and objectives. Obtain and read fixed-annuity contracts and variable annuity and mutual fund prospectuses. The Investment FAQs section of this web site and the Securities and Exchange Commission (SEC) both have useful general investment information. The Internal Revenue Service (IRS) provides specific information on the 403(b) in IRS Publication 571. Fund tracker Morningstar Inc. is also a good place to conduct online research, although some content on the Morningstar site requires payment of a fee.   Step 2 Obtain enrollment information from chosen vendor or vendors.   Step 3 Complete the enrollment information. You will be asked to select one or more investments for your 403(b) contribution. Designate the amount of money you wish to contribute each pay period. You will also be asked to name a beneficiary who will receive your investment in the event of your death. Your vendor will be able to provide details on naming a beneficiary.   Step 4 Visit the NCPS Business Office to complete an NCPS Salary Reduction Agreement. This is an arrangement under which you (the employee) agree to take a reduction in salary. The amount by which your salary is reduced is then directed to your 403(b) investment. These contributions are known as elective deferrals and are excluded from your income.   next question    back to 403(b) questions view 457(b) questions    view investment questions					403(b) Vendor List 457(b) Vendor List Savings Calculator Savings Distribution Calculator 403(b) Questions 457(b) Questions Investment Questions District Contacts Daryl DiZenzo Payroll/Benefits Accountant 203.594.4016 Mike Lagas Business Manager 203.594.4014 more resources