January 08, 2019

Assistance with understanding 403(b) Plans

It can be challenging to understand the inner workings of your 403(b) plan; in light of this, Member Benefits has created specific programs and services to assist NYSUT members with these plans.

Whether you have a 403(b)1 tax-deferred annuity or a 403(b)7 custodial account, it can be challenging to understand the inner workings of your 403(b) plan. Fees, loan provisions, investment options and sales representatives are just a few of the factors that go into these various plans.

In light of this, NYSUT Member Benefits has created specific publications and programs to assist NYSUT members with better understanding their 403(b) plans.


Our 403(b) Field Guide is a helpful reference for understanding the different types of 403(b) plans available as well as providing assistance in determining what fees may be charged and the effect those fees have on investment returns.

The Member Benefits Corporation-endorsed Financial Counseling Program is available on either a Voluntary or Group basis, and provides in-person consultations with a Certified Financial Planner. This program (provided by Stacey Braun Associates, Inc.) costs NYSUT members $260 per year on a voluntary basis or $35 per plan participant per year on a group basis. Consultations with Stacey Braun Associates can cover any financial issue and assist with determining the most appropriate retirement savings provider along with the investments within.

Click here to learn more.