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Aspire Financial For A 457?

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Hello everyone,

I am wondering if anyone has a 457 account with Aspire Financial?

If so, has your experience been positive?

 

I am looking to get a low cost vendor on my district's list for 457 accounts.

Thanks.

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I have some money with Aspire but its with a 403B. I now invest in my state 457b becuase its costs are miniscule. ASpire though offers some good value.

 

Positives-low cost compared to Insurance companies but they do have a fee so that raises the cost of their Funds about 15-19 basis points above the expense ratio of the fund.

 

Self directed option-so you don't have to pay an advisor but can go directly to the fund on your own.

 

Negatives-Their website is rather poor and statements are only send out quarterly. Their customer service by phone is not the greatest either. We have a very basic selection of 15-to 20 funds offered and that it. Vanguard index funds are included though. I would push for a larger fund choice if you are interested in pursuing them. Some schools can pretty much choose the funds they want with no limitation.

 

 

Aspire is a better option than any insurance product as far as I can see. It would be a step in the right direction for you and your fellow employees.

 

I would assume that if they offer a 457b it probably would operate in a similiar fashion to their 403b.

 

Hope this helps.

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Guest Joel L Frank

Hello everyone,

I am wondering if anyone has a 457 account with Aspire Financial?

If so, has your experience been positive?

 

I am looking to get a low cost vendor on my district's list for 457 accounts.

Thanks.

What outfit administers your SD 457(b)?

 

Joel

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Hello everyone,

I am wondering if anyone has a 457 account with Aspire Financial?

If so, has your experience been positive?

 

I am looking to get a low cost vendor on my district's list for 457 accounts.

Thanks.

What outfit administers your SD 457(b)?

 

Joel

 

Self Administer......

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Guest Joel L Frank

Hello everyone,

I am wondering if anyone has a 457 account with Aspire Financial?

If so, has your experience been positive?

 

I am looking to get a low cost vendor on my district's list for 457 accounts.

Thanks.

What outfit administers your SD 457(b)?

 

Joel

 

Self Administer......

 

and what are the investment choices?

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Hello everyone,

I am wondering if anyone has a 457 account with Aspire Financial?

If so, has your experience been positive?

 

I am looking to get a low cost vendor on my district's list for 457 accounts.

Thanks.

What outfit administers your SD 457(b)?

 

Joel

 

Self Administer......

 

and what are the investment choices?

 

To clarify the "administration" - 457 Accounts are offered through the municipality, the town I work in.

Equitable/AXA or Lincoln Financial offer the investments so perhaps those companies are the administrators?

I know that my district does not use a TPA....I guess I need a better understanding of who does what.....

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Guest Joel L Frank

Hello everyone,

I am wondering if anyone has a 457 account with Aspire Financial?

If so, has your experience been positive?

 

I am looking to get a low cost vendor on my district's list for 457 accounts.

Thanks.

What outfit administers your SD 457(b)?

 

Joel

 

Self Administer......

 

and what are the investment choices?

 

To clarify the "administration" - 457 Accounts are offered through the municipality, the town I work in.

Equitable/AXA or Lincoln Financial offer the investments so perhaps those companies are the administrators?

I know that my district does not use a TPA....I guess I need a better understanding of who does what.....

 

The law requires your town to appoint a Board of Trustees to govern its 457(b) Plan. Contact one of the Trustees and ask him or her why the Board of Trustees decided on having a commission based investment menu. Keep him/her uncomfortable until you get no-load funds.

 

Of note: There are hundreds of NJ Municipalities and their local school districts that use the same commission based vendor for their separate 457(b) Plans. THIS ABUSE MUST BE ADDRESSED BY THE GOVERNOR---he needs to adopt a statewide 457(b) plan to which state, county, municipalities and school districts may join. To this end see the New York State Deferred Compensation Plan.

 

Q.: Where is your New Jersey Education Association in all this?

 

Joel

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