Head Start

Retirement Program

A Pooled Employer Plan (PEP) for Head Start Agencies

We are excited to announce the creation of the Head Start Retirement Program, a new Pooled quality, compliant, and cost-effective retirement plan solution for Head Start organizations of all sizes.

The Head Start Retirement Program is sponsored by Group Plan Systems, a leading provider of retirement services for nonprofits. The plan is administered by Voya Financial, one of the largest defined contribution recordkeepers in the country. Investment advisory services are provided by Fraser Group, a 3(38) investment fiduciary under ERISA.

Key Benefits:

• Economies of scale leading to lower overall costs.
• Reduced fiduciary liability for participating employers.
• Streamlined compliance through centralized administration.
• Institutional-quality investment menu and services.
• Robust participant education and one on one guidance.
• Eliminates individual Form 5500 filings and caps audit cost and effort.
• The Head Start Retirement Program launch is now underway. Enrollment for Head Start agencies has now begun.
• Participation in the Just Right Advantage Program

For more information click here, or to request an enrollment package, please contact:

Mitchell Haber – Mitchell.haber@voya.com

Program Partners

3(38) Investment Fiduciary

• Written acceptance of fiduciary status
• Develop fund lineup to leverage mega-plan priced investments
• Maintain investment policy statements (IPS)
• Provide ongoing monitoring of fund lineup and modify as prudently necessary

Administrative Support

• In coordination with Voya, provide participant notice fulfillment services
• Interpret and provide plan documents
• Ensure plan document is in compliance with IRS and Department of Labor requirements
• Complete required compliance testing services

Holistic Participant Experiences

• Simplified enrollment experience that encourages higher savings rates
• Award-winning, online, interactive educational experience with myOrangeMoney
• Data driven insights help create deeper and more meaningful connection
• Personalized, targeted and actionable messaging across multiple touchpoints
• Voya Cares special needs planning program
• Connect online, via IM or over the phone using an integrated call center
• Commitment to security with Voya’s S.A.F.E. Guarantee