ERISA 403b plans (those that have employer contributions) have a unique set of needs in contrast to those of the for-profit marketplace (i.e. 401k plans).
Baystate Fiduciary Advisors, Inc. has a number of New England’s largest 403b plans as clients and has been able to provide tangible solutions to the specific needs of this sector such as:
- Dealing with multiple levels of committee’s and infrastructure
- Working with an employment staff of highly committed but typically lower wage workers in a compassionate manner
- Addressing the more in-depth advisory needs for senior staff and directors
- Working within a more restrictive budget
- Utilizing socially responsible investment solutions where applicable
- Reducing the "hidden" plan asset charges found in the group annuity solutions which are more common place in the 403b sector
