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Home  :  About LPSS  :  Divisions  :  Administration  :  Human Resources  :  Benefits / Insurance  :  403(b)

403(b) Retirement Savings Plan

Your Opportunity to Save More for Retirement

 

Review the 403(b) Plan Document effective April 3, 2017.

 

 

Frequently Asked Questions on the LPSS 403(b) 

Q: Who is the plan administered by?

A. The LPSS 403(b) is administered by Mass Mutual and serviced locally by Cornerstone Financial Group, Inc. 

  

Q: I am not currently making a 403(b) retirement contribution but would like start or at least discuss how a 403(b) might fit into my retirement planning?

A: LPSS offers a supplemental retirement option, outside of Teachers Retirement System (TRSL) and Louisiana School Employees Retirement (LSERS). Contact Cornerstone Financial Group at their Lafayette office by calling (337) 233-6066. Let them know you are a Lafayette Parish School System employee and would like to discuss retirement planning. Consultations with Cornerstone Financial Group are free to LPSS employees.

 

Q. Does LPSS match contributions?

A. No, LPSS does not match the employee's 403(b) contributions.  

 

Q. How much can I contribute annually?

A. 2019 = $19,500 + $6k catch up for 55 years and older 

 

Q: How do I enroll in a 403(b)?

A. 403(b) enrollments are completed online, follow the designated prompts: Click here.

Existing employees can enroll any time during their employment. New employees can enroll after their second payroll. Employees are dually required to fill out a "Beneficiary designation form" to complete the application process. Enrollment applications must be completed by the 5th of the month in order to process for the upcoming payroll.

 

Q. How do I manage my account after enrollment?

A.  You can manage your account online by visiting or you can download the free RetireSmart App to access your funds directly from your smart phone. Changes made by the 5th of the month are sent to LPSS Payroll for the upcoming payroll cycle.

 

Q. How do I contact Mass Mutual?

A. Call Mass Mutual at 1-800-743-5274, Monday - Friday between 7 a.m. and 7 p.m. (CST) . After entering your Social Security number and PIN, press "1" for account information, then "0" to speak to a representative. 

 

Q. How do I contact Cornerstone Financial Group?

A. Call (337) 233-6066 / (800) 225-2945 or visit their location at 213. North College Road, Lafayette. Additional information can also be obtained from their website.