The Commonwealth engages in a competitive bidding process to determine which Contract Providers and products should be made available under the 403(b) Plan. The selection is intended to offer employees a variety of products, investment funds and service delivery models.
Change Providers: You can change the Contract Provider(s) to which your contributions are sent at any time. You must complete a new Salary Reduction Agreement, identifying your new Provider(s), and give the agreement to your Benefits Administrator. You must also open a new account with any new Provider, and confirm establishment of the new account when returning the Salary Reduction Agreement to your Benefits Administrator.
Product available under the Plan: Group Custodial Agreement for Mutual Funds
Products available under the Plan: Annuity Funds and Mutual Funds
Product available under the Plan: Annuity Funds and Mutual Funds