Online Retirement Planning for Educators
EducatorsMoney is a Web-based service aimed at helping educational institutions streamline retirement plan administration, while providing faculty and staff with a flexible, low-cost method for administering 403(b) and 457 retirement programs.
All the tools needed to establish a sound retirement investment strategy and manage personal accounts via the Internet are available to educators on a secure technology platform through EducatorsMoney. In the process, high service fees commonly charged by traditional providers are reduced, resulting in more contributions remaining in investors' retirement accounts. School employees are provided with services that include account view and management, investment information, unbiased and personalized investment advice, as well as live help and support.
EducatorsMoney is designed to help institutions adopt, comply with and take advantage of new tax and retirement provisions. For administrators, it reduces the overhead in both the time and direct expense associated with administering retirement plans and large numbers of participant retirement accounts. In addition, EducatorsMoney's online direct-cash processing system processes payroll information, participant changes and provides real-time financial transactions. BenefitsCorp Inc., Greenwood Village, CO, (877) 816-0548, www.educatorsmoney.com.
This article originally appeared in the 05/01/2002 issue of THE Journal.