The Model Plan


In 2007, the IBC issued a request for proposal (RFP) inviting investment companies to submit their tax-sheltered annuity plans for consideration. Twenty-four companies submitted plans offering one of three levels of service to our members:


  • annuities
  • multi-product custodial accounts
  • mutual fund plans.

The IBC's independent consultant selected five plans to participate in the Model Plan, giving our members a choice among a limited number of plans that offer the best possible deal-- and more than 600 investment options.


It is important to note that neither the IBC nor its consultant has any financial stake in the outcome and that school boards may choose to offer additional plans. However, each plan a district adds may mean higher costs to its employees.