Update: The PAISBOA Cooperative Retirement Program

  • Does your 403(b) Plan keep you up at night?
  • Are you worried about your 403(b) Fiduciary Responsibilities and what that even means?
  • Would you like to lessen your Administrative Burdens?
  • Would you like the possibility of lower fees on your school’s retirement plan?

If you answered “yes” to any of these questions, we have a solution. Through PAISBOA’s partnership with Carroll Consultants/Cafaro Greenleaf, we are excited to offer The PAISBOA Cooperative Retirement Program. This program will pool together 403(b) Retirement Plans from interested member schools, offering efficiency under a single plan with A Single Plan Sponsor; however, still providing each individual participant school flexibility with their contributions..

The goals of the program are to have economies of scale and reduce plan expenses, alleviate administrative burdens, and lessen fiduciary liability.

Here’s what you need to know right now!

  • Significant savings in recordkeeping fees
  • Enhanced services
  • Ease of administrative burden
  • Open architecture investment platform

We have scheduled a meeting for Tuesday, August 20 at 11 am at the PAISBOA Offices for those schools who have already signed their Fact Finder sheet. We will share the results of the information we’ve gathered so far and discuss the plan to move forward. At this point, our next step is to conduct an RFP to several record keepers on pricing and services.

For those who did not sign a Fact Finder sheet and want to get in on the conversation, CLICK HERE to download the document, then reach out to Marcie Carroll at [email protected] with any questions.

To register for the August 20 meeting, CLICK HERE.