Optional Retirement Program (ORP)

Professional educators are allowed many investment opportunities including Optional Retirement Program (ORP) and others.

Consider the following:

Optional Retirement Program (ORP) – This program is a defined contribution plan governed by Internal Revenue Code Section 403(b). Benefits are based on the performance of the investments selected and are controlled by the employee.

Tax-sheltered annuity (TSA) –Employees save for retirement by contributing to individual accounts. Employers can also contribute to employees’ accounts. Voluntary participation in this 403(b) plan allows employees to make tax deferred contributions to supplement their state retirement benefits.

The manner in which these retirement accounts are managed is one of the most critical long-term decisions they make. Over the course of one’s career, hundreds of thousands of dollars will be impacted based on the retirement planning decisions made today.

Management of the funds is performed either by the individual or the financial advisor in which they choose to partner. The majority of accounts we manage in the ORP area are custodied with Fidelity Investments. We have an agreement with them that allows us to manage ORP accounts on their platform. They act as custodian for our clients and we serve as our client’s portfolio manager. Enlisting a reputable professional management firm to help manage funds can result in higher returns and lower risk.

Echelon Investment Management has the experience, training and education to be of valuable service to you.