Symmetra Offers New Program for K-12 403(b) Sponsors

Symetra Financial unveiled its Savings for Schools program designed to advance retirement preparedness among K-12 school teachers and educators.

A news release said the program focuses on providing 403(b) plan tools, education, and resources to help school districts offer savings solutions. The new program also features a new Web site, where districts can access a variety of online resources designed to help guide them through the 403(b) planning process, according to the announcement.

The Web site’s “ABCs of 403(b)s” section includes information about navigating new regulations, Frequently Asked Questions with answers to some of the most common participant inquiries, tips for streamlining plan administration, and other plan content.

“We are intently focused on helping America’s teachers and educators achieve the retirement they deserve,” said Al Close, senior vice president of General Agency and Advisor distribution at Symetra, in the announcement. “Savings for Schools reflects our long-standing commitment to making a positive difference in public education and builds on our proud legacy in the 403(b) market.”

Symetra manages 403(b) and tax-sheltered account plans on behalf of schools across the country.

More information is available here.