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
Provider | Website | Phone Number | File Downloads |
---|---|---|---|
Corebridge Financial (Formerly AIG) | www.AIG.com | (800) 428-2542 | • Fact Sheet • Questionnaire |
Ameriprise Financial | www.ameriprise.com | (800) 862-7919 | • Fact Sheet • Questionnaire |
Aspire | www.aspire.com | (866) 634-5873 | • Fact Sheet • Questionnaire |
Equitable Financial Life Insurance Company | www.equitable.com | (216) 978-4489 | • Fact Sheet • Questionnaire |
FPS Group LLC | www.FPS.com | (888) 505-3759 | • Fact Sheet • Questionnaire |
Franklin Templeton | www.franklintempleton.com | (800) 527-2020 | • Fact Sheet • Questionnaire |
GWN Securities, Inc. | www.GWN.com | (561) 472-2700 | • Fact Sheet • Questionnaire |
Horace Mann | www.horacemann.com | (800) 999-1030 | • Fact Sheet • Questionnaire |
Life Insurance Company of the Southwest dba National Life Group | www.nationallife.com | (214) 722-9028 | • Fact Sheet • Questionnaire |
Lincoln Investment | www.lincoln.com | (800) 242-1421 | • Fact Sheet • Questionnaire |
Metropolitan Life Insurance Company | www.metlife.com | (908) 253-1504 | • Fact Sheet • Questionnaire |
Modern Woodmen of America | www.modernwoodmen.com | (800) 447-9811 | • Fact Sheet • Questionnaire |
New York Life Insurance and Annuity Corporation | www.newyorklife.com | (800) 225-5695 | • Fact Sheet • Questionnaire |
PenServ Plan Services, Inc. | www.penserv.com | (803) 354-5084 | • Fact Sheet • Questionnaire |
Pentegra Trust Company | www.pentegra.com | (914) 821-9580 | • Fact Sheet • Questionnaire |
PFS Investments, Inc. | www.primerica.com | (800) 544-5445 | • Fact Sheet • Questionnaire |
PlanMember Securities Corporation | www.planmember.com | (800) 874-6910 | • Fact Sheet • Questionnaire |
TCG Administrators | www.finpath403b.com | (800) 943-9179 | • Fact Sheet • Questionnaire |
The Vanguard Group | www.vanguard.com | (800) 569-4903 | • Fact Sheet • Questionnaire |
Tools and Resources
For Vendors
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Our Partners
This information is based on self-reported data and is current as of December 31, 2020.