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403(b) Plan Vendor Transparency

Since 1946, Texas Association of School Business Officials (TASBO) has set the standard for professional conduct and expertise in school business. We maintain a high standard for ethical conduct while continuing to evaluate the direction of the organization and the profession. Using our core values and purpose as a guide, we seek a bright future for schools and our members.
House Bill 2820, passed by the 86th Session of the Texas legislature, removed the Teacher Retirement System (TRS) oversight of eligible qualified 403(b) investment products.
Under Texas law and the provisions of the Vernon Statute, public schools are required to allow employees to :

  • Invest with companies licensed by the Texas Department of Insurance;
  • Meet minimum capital and surplus requirements; and,
  • Have experience providing qualified investment products.

With the elimination of the TRS oversight, districts no longer have a place to direct employees for information regarding a 403(b) retirement savings account.
TASBO, with more than 7,300 members and 1,100 member districts, is THE trusted resource for school finance and operations. As such, we have embarked upon a transparency project for 403(b) vendors to voluntarily participate in a program that will provide basic information about 403(b) retirement savings providers and investment products that are available to employees of Texas public schools.

403(b) Results

 

ProviderWebsitePhone NumberFile Downloads
Ameriprise Financialwww.ameriprise.com(800) 862-7919Fact Sheet
Franklin Templetonwww.franklintempleton.com(800) 527-2020Fact Sheet
Horace Mannwww.horacemann.com(800) 999-1030Fact Sheet
Lincoln Investmentwww.lincoln.com(800) 242-1421Fact Sheet
PenServ Plan Services, Inc.www.penserv.com(803) 354-5084Fact Sheet
TCG Administratorswww.finpath403b.com(800) 943-9179Fact Sheet

Tools and Resources

For Vendors

Want to be added to this list? Use the link below to complete your questionnaire.
 

Our Partners

This information is based on self-reported data and is current as of December 31, 2020.

For more information, please contact:

tginsburg@tasbo.org

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