Carolina Community Actions, Inc. provides a tax-sheltered 403(b) retirement account. All full-time and part-time (after meeting certain criteria) will be set up in the retirement account system. All retirement accounts begin on the first of the month following eligibility.
When are you eligible?
Full-time employees become eligible to contribute to the retirement account the first of the month following your ninety (90) day probationary period
Part-time employees become eligible to contribute to the retirement account the first of the month following your ninety (90) day probationary period if you are scheduled to work more than twenty (20) hours a week. If you are scheduled to work less than twenty (20) hours a week or you are an on call as needed employee you will become eligible if work a thousand (1,000) hours in a year.
Does CCA contribute?
CCA has a generous retirement contribution. When you become eligible for the retirement account, you become eligible for CCA to contribute to your plan. The contribution schedule is as follows:
1st year of employment/eligibility 2.5% of your salary
2nd year of employment/eligibility 5% of your salary
3rd year of employment/eligibility 7.5% of your salary
4th year of employment/eligibility 10% of your salary
I have questions about my retirement account, who do I contact?
Our retirement advisor is Jason Thompson and can be reached at 803-888-6477 or you can contact Axa Equitable directly at 800-628-6673. CCA does not have full access to your retirement account or any type of transaction forms. YOU MUST CONTACT JASON OR AXA TO OBTAIN THEM! If you are completing a transaction that requires a form, after completing the form, most forms need to be signed by our Executive Director.
I want to change my personal contribution to my retirement account?
To update what you put into your retirement account, from your paycheck, you must complete the following form: TSA_Salary_Reduction_Agreement,_EQUI-VEST.pdf and turn it into HR. You may update your contribution as many times as you would like to. It must be turned into HR by the Monday before a payday for to be effective that pay period.