ORP retirement accounts, their investment and services to participants are available under the plan through the Plan Providers.
Enabling Legislation: The planís enabling legislation allows for two to four Providers. Providers may be insurance and/or investment companies.
The Plan Administrator is directed to engage the Providers under the plan. This means that the Department of Higher Education is responsible for the initial adoption of a Provider and its product as well as the continued engagement of any Provider under the ORP.
Products: The current Providers offer combinations of annuities and mutual funds.