Frequently Asked Questions

Do you currently have any one agency/broker/enrollment firm for your benefits?

No


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How are group verses supplemental (individual) and retirement benefits enrolled?

By individual agents of the plans which have been approved by the Board of Education.


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Do you wish to continue a relationship with any existing benefit providers?

Sure, provided they meet the requirements set forth by the newly formed insurance committee at the lowest cost.


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Is it the wish of Lee County to have one firm review/negotiate investment options on the employer level for retirement carrier(s), or on the employee level with their individual investment strategy?

This has not been determined yet. In employee benefit committee may elect for only supplement insurance to be brokered or it may deem investments should be as well.


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What is the total number of active participants for all providers of the 403b/457 plans?

Total number of active participants for the 403b plan is 130.
Total number of active participants for the 457 plan is 122.


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What is the monthly deferral amount for all providers of the 403b/457 plans?

Monthly deferral amount for all providers of the 403b plan is $29,676.
Monthly deferral amount for all providers of the 457 plan is $19,498.


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