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403(b) and 457(b) Supplemental Retirement Savings Plans

Who is eligible to participate in HCPSS' 403(b) and 457(b) plans?
What is the minimum contribution for 403(b) and 457(b) plans?
How often can I change my contribution amount to my 403(b) and/or 457(b)?
Is there a limited time of the year where I can change my contribution amount to my 403(b) and/or 457(b)?
What are the costs to participate in a 403(b) and/or 457(b)?
May I roll over or transfer money from one retirement plan to another?
May I withdraw money from my 403(b) and/or 457(b) account while I’m still employed?
When may I start to take withdrawals from my 403(b) and/or 457(b) account without a penalty?
May I change my withdrawal option, amount, or frequency once I start my payout from my 403(b) and/or 457(b)?
Are there loan and hardship provisions for 403(b) and 457(b) accounts?
Howard County Public School System
10910 Clarksville Pike
Ellicott City, MD 21042
Main Phone: (410) 313-6600

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