Building Your Future Together!

Created for Educators by Educators

Created for Educators by EducatorsCreated for Educators by EducatorsCreated for Educators by Educators
Contact Us

Building Your Future Together!

Created for Educators by Educators

Created for Educators by EducatorsCreated for Educators by EducatorsCreated for Educators by Educators
Contact Us

About Us

What is a consortium?

What is a consortium?

What is a consortium?

  

A consortium is a group of K-12 school districts that have come together to create a model focused on improving retirement outcomes for K-12 employees


The consortium provides a total employee experience that emphasizes financial education, low-cost transparent fees and diligently evaluated and monitored investment options


Allows small to medium-size school boards to achieve economies of scale that normally are not available to them

Who/What is SERC?

What is a consortium?

What is a consortium?

  Cooperative Purchasing Agency (CPA) is the sponsoring  and administrator
for SERC 


         CPA operates under the fiscal control of Pioneer RESA

 

          CPA was founded in 1971 and is a nonprofit organization dedicated to serving school systems only and is owned and managed by the member school systems 


        SERC was created for educators by educators to provide a simplified solution for 403(b), 457(b) and 401(a) programs for K-12 employees

 

    SERC believes that educating participants about retirement needs and investment choices and being fully transparent about fees provides the best opportunity to help grow retirement savings  

Why SERC?

403b Wise Podcast

403b Wise Podcast

    Improved plan governance

 

Plan simplification and design flexibility 

 

Professional plan management Professional oversight of investment options

 

Improved transparency  Potentially lower fees and expenses

 

As a member, you have a voice in the governance of SERC

 

Saves employers time and money while ensuring compliance with state and federal regulations  

403b Wise Podcast

403b Wise Podcast

403b Wise Podcast

Dec 9, 2022

Kevin Benson, executive director of the Southern Education Retirement Consortium, believes he has the solution for small and mid-size school districts looking to offer quality 403(b), 457(b) and 401(a) plans. 

Learn more

Our Team

Southern Education Retirement Consortium

The Southern Education Retirement Consortium (SERC) is made up of board members from systems who adopt SERC, and an Executive Director.

Registered Investment Advisor (RIA)

  SERC has selected Eric H. Hansen of Hartmann Astor Investment Consulting (LPL) to serve as the 3(21) co-fiduciary to the sponsor the plans

Mr. Hansen will support the SERC investment committee by providing fiduciary training and guidance, investment manager search and selection, and ongoing monitoring of mutual funds offered in the plan(s)

Mr. Hansen and his clients were recognized in 2021 with the "Plan Sponsor of the year" award

Record Keeper

corebridge Financial has been selected to provide recordkeeping, compliance and education for SERC


corebridge (formerly AIG) implemented the first ever 403(b) plan (Dade County Schools)


corebridge has been committed to the K-12 community for over 60 years and is a market leader


The plans will consist of standard provisions while offering the plan design flexibility to meet each participating school system's unique needs


Comprehensive multi-channel education services to blend digital, print, and on-site resources

Frequently Asked Questions

Please contact us if you cannot find an answer to your question.

SERC "knits" together small and medium size school districts to create unprecedented scale   

for pricing, oversight, and control in the 403b and 457 markets.

SERC plans include:


403(b), 457 (b) and 401(a)

Traditional, pretax and/or Roth contributions

Auto Enroll/Auto Increase option

Non-Certified Plans

Social Security Opt-Out Plans

Matching Employer Contribution Plans

Basic Employer Contribution Plans

Voluntary Contribution-Only Plans

Any public educational organization regardless of location can seek affiliation 

It’s as easy as 1, 2, 3...

1.Sign the SERC participation agreement 

2.Select your plan provisions 

3.Restate your current plan documents onto the SERC Plan Documents 


Remember:

·Participating employers are always in control of their plan(s) ·Our dedicated team will help you implement the plan(s) – typically 90 days ·As a member, you’ll have a voice in the governance of the plan(s)  

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It is never too early to invest in your future!

Southern Education Retirement Consortium

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