declare your independence!
Throw off the yoke of your oppressor! If you’re not considering moving to a MEP, you should be. And if you’re not considering the Independent School Group Retirement Plan, the original and first of its kind world class MEP, then you aren’t doing your fiduciary due diligence. We wrote the book on MEPS - were the first edition, our legal team wrote the ERISA book for NAIS, our record keeper is the most prolific and experienced in the MEP space, our auditor wrote the guidelines for auditors in these plans, and our advisor has been named a top workplace. Who do you want to work with?
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 OneDigital.
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. Read more here about the recent SCOTUS decision, summarized by our friends at Fisher Phillips.
- 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 OneDigital with your school specific questions. Contact Michelle Shea, Vice President, at michelleshea@misbo.com to schedule your session.
The Independent School GROUP RETIREMENT PLAN BROCHURE
RELIEVE your anxiety: A retirement plan audit that didn't go as planned
We Make It Easy!
How easy? Contact us below to get your questions answered or schedule some time to discuss the program further.