Group Retirement plan
a Multiple Employer plan for independent schools
Ready to take managing your school's retirement plan off your to-do list?
Members now have access to a retirement plan designed to address your unique needs, while offering cost efficiencies, simplified administration, and reduced fiduciary burden. This member benefit is offered through Transamerica, in partnership with Cafaro Greenleaf - a OneDigital Company.
What is a 403(b) Multiple Employer Plan (MEP)?
A MEP is a retirement plan for organizations that typically have a common interest but are not commonly owned or affiliated with one another. For schools seeking a cost-effective retirement plan that's easier to administer than a traditional single employer plan, a MEP could be a great option.
MEPs provide a better way for schools, referred to as adopting employers, to pool their collective opportunity and gain efficiencies. The MEP sponsor (MISBO) hosts the plan and master contract, relieving adopting employers of extra responsibilities, allowing them more time to focus on their day-to-day business.
We invite you to join The Independent School Group Retirement Plan where you can take advantage of:
- Reduced board fiduciary obligations and liability
- Service provider oversight
- Investment oversight
- MISBO takes on the annual audit
- No individual Form 5500 reporting
- Minimal plan maintenance
- Customizable plan design options involving eligibility,matches, vesting schedules, and more
- Potential cost savings
- Administrative efficiencies
Want to Hear More?
Schedule a quick 15 minute discovery session with consortium partner Cafaro Greenleaf, a OneDigital Company, with your school specific questions. Contact Michelle Shea, Vice President, at firstname.lastname@example.org to schedule your session.
We Make It Easy!
How easy? Contact Michelle or Damian (details below) to get your questions answered or schedule some time to discuss the program further.