Terrebonne Parish School Board 403(B) & 457 Plans
Terrebonne Parish School Board 403(B) & 457 Plans
The 403(b) and 457 plans are open to all full-time employees of the Terrebonne Parish School Board, regardless of position.
Based locally in Houma, Flagship Wealth combines over four decades of experience in serving families and businesses across south Louisiana. Today, we employ five investment professionals and a support staff dedicated to delivering high quality service on a consistent basis. The firm provides financial planning services for individuals, corporations, trusts and retirement accounts with investable assets nearing $400,000,000.
- Our Houma office has been offering the 403(b) plan to TPSB employees since 2007 and the more recently launched 457 plan in 2015.
Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of our foundation of success.
403 (B) Plan
A 403(b) makes it easy to start investing for the future and maintain a plan over time that meets your budget. Some key features of the 403 (b) Plan are:
- Pre-tax investing.
- Tax-deferral of any earnings.
- Contribute through simple salary deduction—as little as $25 per month.
- Invest more than other plans may allow, such as an IRA.
- Easily change how much you contribute.
- Take distributions in retirement as early as age 55, penalty-free.
- Purchase service credits from the TRSL or LSERS.
Download the 403(b) plan PDF with more information by clicking here.
457 Plan
A 457 makes it easy to start investing for the future and maintain a plan over time that meets your budget. Some key features of this plan are:
- Pre-tax investing.
- Tax-deferral of any earnings.
- Contribute through simple salary deduction—as little as $25 per month.
- Invest more than other plans may allow, such as an IRA.
- Easily change how much you contribute.
- Take distributions upon termination of employment at any age, penalty free.
- Purchase service credits from the TRSL or LSERS.
Download the 457 plan PDF with more information by clicking here.
