Retirement

The Bishop’s School Defined Contribution Retirement Plan TBS participates in the TIAA defined contribution 403(b) retirement plan. Employees choose how to invest their contributions. For eligible employees, the School will contribute a minimum of 3% of total compensation (as defined by the Plan) and will match up to 5% of voluntary contributions made by the employee. Funds have immediate vesting. Eligible employees over the age of 18 are eligible to make voluntary pre-tax and post-tax contributions from the date of hire. You can contribute any amount up to the IRS annual limit. Employees age 50 and above may contribute additional ‘catch-up’ contributions per IRS annual limitations.

Bishop’s offers its employees with a free benefit – a complete and free Financial Wellness Program. We chose an independent, conflict-free financial advisory program – The Palancar Group, a subsidiary firm of Morgan Stanley Wealth Management. Our financial advisors can deliver free financial retirement plan advice.

If you wish for additional assistance understanding your investment options or better financial planning for you and your family. You can individually reach out to Sean or Ed below to arrange a Zoom meeting at your convenience:

Sean MelendezEdward Choi
The Palancar GroupThe Palancar Group
Morgan Stanley Wealth ManagementMorgan Stanley Wealth Management
9665 Wilshire Blvd, Suite 600 | Beverly Hills, 902129665 Wilshire Blvd, Suite 600 | Beverly Hills, 90212
Direct: +1 310 205-4732Direct: +1 310 285-4817
Fax: +1 310 961-3294Fax: +1 323 638-2901
CA Insurance Lic #: 0I68899CA Insurance Lic #: 0H96942
NMLS ID #: 1253163
Sean.Melendez@morganstanley.comEdward.Choi@morganstanley.com