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ORP Providers

ORP retirement accounts, their investment and services to participants are available under the plan through the Plan Providers.

Enabling Legislation: The plan’s 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 are life insurance and (open end) investment companies. The products they offer are group annuities.