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Financial advisers pitch voluntary retirement access; board pauses action amid procurement concerns
Summary
Atelier Financial Advisors presented voluntary 403(b)/457 options and low local participation; board members questioned procurement and a motion to adopt an administrative recommendation was withdrawn. CFO warned salaries and stipends may push the fund balance below $4 million without changes.
Atelier Financial Advisors LLC presented an overview of voluntary retirement savings options for Tangipahoa Parish School System employees on April 21 and urged a hands‑on, in‑school approach to raise participation.
Jody D'Atelier said most districts see 10–40% participation in voluntary plans but Tangipahoa’s current participation is roughly 7.5%. He described services including in‑person counseling for 403(b) and 457 plans and both pretax and Roth options. “Our job is to help your employees understand how these plans work,” he…
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