In response to IRS regulations that took effect January 1, 2009, ESSDACK established the ESSDACK 403(b) Consortium in 2008. This innovative consortium is one of the first of its type in the nation and is designed to address not only the new IRS regulations but also to provide high-quality investment options with reduced fees.
Through a competitive bidding process, which required full disclosure of all fees, an exclusive advisor was selected to manage a portfolio of funds. From the beginning, the ESSDACK plan was established with fees that were some of the lowest in the industry. The fees have gone done even further as more individuals and groups join the group.
Recognizing the value of allowing staff to save in both a 403(b) and a 457(b), districts may also choose to implement a 457(b) Deferred Compensation Plan.
These programs are available to both members and non-members. For additional information, please contact Deb Haneke or visit the links below: