NYSUT is working through the proposal to provide its members with access to fee transparency, education, low-cost options and list of fiduciaries. This has the potential to be a major breakthrough – up until this point, NYSUT recommended a high-cost 403(b) provider.

Third-party administrators, (TPA’s) like OMNI, have allowed high-cost vendor options on the line-up of district offerings without revealing their method of choosing such providers or their list of criteria. The end result is high-cost vendors dominate the options list and low-cost options are blatantly missing.

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