About us
The Independent Benefits Council name may be new to you, but our membership isn’t. IBC is a not-for-profit organization formed in 2007 by four of Florida’s leading education groups:
the Florida Education Association,
the Florida Association of School Administrators,
the Florida School Boards Association and the
Florida Association of District School Superintendents.
Together, we represent the interests of more than 350,000 of the state’s teachers and education staff professionals.
Historically, school system employees across the U.S. have paid significantly higher fees than any other group to the companies that manage their tax-deferred investments. At the same time, the onus has been on the companies to ensure that their plans—and individual employee’s investments—meet IRS requirements. At last count, more than 90 companies offered some form of tax-deferred account to school system employees in Florida, alone. With so many companies seeking to do business with school system employees, it has been difficult to ensure that only the highest quality products are offered.
IBC was formed with one goal in mind: to eliminate the inequity in fees and level the playing field for school system employees, while ensuring access to high-quality retirement investment products. Billions of educators’ dollars are at stake.
