As the plan sponsor, CSI welcomes the opportunity to serve your school’s retirement needs. Your school’s next opportunity to enroll in the plan is January 1, 2021, which means we would need your paperwork submitted no later than October 1, 2020.
Benefits of Joining
Multiple Employer Plan
The CSI 403(b) Plan is a single program, multiple employer plan (MEP). The Plan’s design creates a powerful economy of scale with a single administrative structure and a very favorable negotiated fee structure.
Managed by National Service Provider Experts
TIAA, TAG Resources, and CBIZ Retirement Services have been selected to administer the Plan. These service providers will relieve schools of many of the responsibilities they would have with their own newly formed 403(b) or 401(k) plan.
Once a participating school’s money is contributed, TAG and CBIZ will be responsible for complying with a wide array of federal rules for retirement plans, so participating schools will not have to shoulder the same types of responsibilities they would have with their own, stand-alone 403(b) or 401(k) plan.
Ongoing Support from Service Providers
The Plan’s service providers (TIAA, TAG, and CBIZ) will provide a high level of service, including regular and comprehensive communications, participant education, and dedicated representatives to be available for questions and problem solving.
The total annual cost is $190 per participant for TIAA and TAG Resources to administer the Plan. When the total number of participants exceeds 1,500, the cost per participant will be reduced as more participants join.
Despite the creation of a single program, the Plan will provide key areas of plan design flexibility, including employer contributions, vesting of employer money, and the availability of loans to participants.
Frequently Asked Questions
Our FAQ will help you evaluate if the Christian Schools International 403(b) Retirement Savings Plan is the right retirement plan for your school.
We have additional resources about our retirement plan to help guide your decision making.