Human Resources & Affirmative Action
1500 Birchmont Drive NE
Box #1
Bemidji, MN 56601-2699
Deputy Hall 350
Monday-Friday
Hours:7:00-4:30
Phone: (218) 755-3966
Fax: (218) 755-3153
** Employee elects either IRAP or TRA.
| Individual Retirement Account Plan 401(a) - IRAP (Click for web site) | |
| Plan Administrator: | TIAA-CREF (Click for web site) |
| Plan Type: | Defined Contribution |
| Participation: | Mandatory ** |
| Contribution Amount: | Employee = 4.5% Employer = 6.0% |
| MN Teachers Retirement Association - TRA (Click for web site) | |
| Plan Administrator: | Teachers Retirement Association |
| Plan Type: | Defined Benefit |
| Participation: | Mandatory ** |
| Contribution Amount: | Employee = 5.5% Employer = 5.5% |
| Supplemental Retirement Plan 401(a) - SRP (Click for web site) | |
| Plan Administrator: | TIAA-CREF (Click for web site) |
| Plan Type: | Defined Contribution |
| Participation: | Mandatory * |
| Contribution Amount: | Employee contribution = 5% on gross salary in excess of $6,000 but limited to maximum set by bargaining agreement (currently $2,250 per fiscal year). Employer's contribution = 100% of Employee contribution. |
| * Mandatory after 2 fiscal years of full time employment | |
| Deferred Compensation Plan 457 - MNDCP (Click for web site) | |
| Plan Administrator: | MN State Retirement System |
| Participation: | Voluntary |
| Contribution Amount: | $10 minimum up to 100% of taxable income not to exceed $16,500; $22,000 for age 50+ |
| Eligible for Voluntary State Matching: | No |
| Leave Conversion: | No |
| Tax Sheltered Annuity 403(b) - (TSA) (Click for web site) | |
| Plan Administrator: | TIAA-CREF (click for web site) |
| Participation: | Voluntary |
| Contribution Amount: | Up to 100% of taxable income not to exceed $16,500; $22,000 for age 50+ |
| Eligible for Voluntary State Matching: | No |
| Leave Conversion: | No |