For the past two years the HCPSS Benefits Team, with the support and advisement of our Benefits Consultant, Gallagher, and the Benefits Advisory Committee (BAC), has completed a deep-dive analysis of our current 403(b) program. This analysis included a review of our 403(b) vendors, their associated fees, the services they offer our employees, and overall compliance with IRS regulations.
As a result of this review, HCPSS has made some changes to the HCPSS 403(b) program with the goal of reducing costs for employees and providing more oversight of the fund investments to ensure that HCPSS employee and retiree contributions are responsibly invested.
See attached for complete details.
Email Benefits@hcpss.org with any questions.