Tax Sheltered Annuities

Tax Sheltered Annuities

Payroll deductions may be arranged for contributions to approved tax sheltered annuity companies. The list of approved companies is below. To begin deductions for a 403(b) company or with Missouri Deferred Compensation (a 457 plan), contact that company’s representative to create an account then complete the Truman State University Salary Reduction Agreement Form.

The Salary Reduction Agreement form is available here. Complete and sign the form then bring it to the Human Resources Office. To cancel a deduction, check the “Termination” box and list all companies with $0 as the deduction amount.

The IRS limits the amount an individual may contribute to each plan during a calendar year. The 2024 contribution limits are below:

403b Plan$23,000
403b Plan (age 50 and older)$30,500
457 Plan$23,000
457 Plan (age 50 and older)$30,500


403 (b) Companies

Ameriprise Financial
Dale Schenewerk
1503 E Illinois
Kirksville, MO 63501
Aspire 403(b) – Edward Jones
Jon Peck
103 Potter
Kirksville, MO 63501

Yosef McHugh
210 Pfeiffer Ave.
Kirksville, MO 63501

Mike Miletich
1318 S. Baltimore
Kirksville, MO 63501

Adam Hartz
1 City Place Drive, Suite 100
Creve Couer, MO 63141
314-225-6966 or 314-889-0533
Missouri State Deferred Compensation Plan (457)
Kate Kuse
3349 American Ave. Ste A
Jefferson City, MO 65109
Steven F. Owens, Jr.
St. Louis, Missouri

Erin Day
St. Louis, Missouri

Aspire 403(b) – Morton Financial Solutions, LLC
Jamey Morton
Chartered Financial Consultant
405 East Northtown Road
Kirksville, MO 63501
Jamey Morton
Chartered Financial Consultant
405 East Northtown Road
Kirksville, MO 63501

Chuck Worstell
103 Corporate Lake Drive
Columbia, MO 65203

Waddell & Reed, Inc.
888-923-3355 (WADDELL)