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Jennings County schools approve Equitable as single retirement vendor, pending legal review
Summary
The school board voted to adopt Equitable as the district’s single retirement vendor pending legal review. The change would consolidate 401(a) assets and offer employees the option to move 403(b) balances; the district cited an estimated $350,000 in annual fee savings for employees.
The Jennings County School Corporation board voted 7-0 to adopt Equitable as the district’s single retirement vendor pending legal review.
The decision follows a district-led request-for-proposals process that, the presenter said, identified about $29,000,000 in combined 401(a) and 403(b) assets across roughly 1,000 participant accounts. "The executive committee voted unanimously to choose Equitable as the new vendor," said Kelly Davis of CSI Advisory, the consultant who conducted the vendor review.
Davis told the…
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