Why should local school districts adopt the Model Plan?
All of the heavy lifting has already been done for the school districts. It provides the very best deal to teachers and education staff professionals While the number of 403b companies will be reduced, employees will be able to select from 600 high quality investment options. The new line-up of 403b offerings will be easier to understand. There will be three different investment categories ranging from full-service, for those who want individual assistance and advice, to no-service, for those who prefer to handle their own investments. All of the approved companies have agreed to pay the school board $12 per participant, per year, to offset additional administrative expenses associated with the new IRS rules.
