AFPlanServ's® goal is to provide services that help keep your 403(b) and 457(b) Plans in compliance with the Internal Revenue Code (IRC). By partnering with us, you can focus on your daily job functions.
We believe our knowledge of school systems and experience creates the best possible qualified retirement Plan administration for your district. We are here to help guide you through the essential decisions needed to design and operate your Plans.
Many of our administrative services are available to you for a minimal fee per Plan participant.
The fee is $1.00 per Plan participant per month for administrative services including, but not limited to:
- Establishing a written Plan document
- Assistance obtaining properly executed information sharing agreements
- Account transaction monitoring and approval
- Ongoing compliance assistance
- Plan documents and reporting to employer
- Disaster backup of data for all Plans
- Consolidated billing, if selected
This fee may be paid by the district or the Plan's vendors.
If the district chooses to have the fee paid by its vendors, then any vendor that declines to pay the fee will be treated as a deselected vendor. In order to retain the vendor, the district must agree to pay the fee. AFPlanServ® has the capability to set up split billing to accommodate such situations.
We are available from 7:00 am to 7:00 pm CST to answer questions and offer assistance when you need it. You’ll be able to speak to a live member of the team, rather than an automated system, and each team member is assigned to Plans in specific states so we may provide a dedicated resource for you and your employees.
In addition, account managers are available for:
- On-site assistance
- Educational meetings
- Group meetings
Administered and Marketed by American Fidelity Assurance Company, dba AFPlanServ®