Each member company signs a letter of commitment to ensure the investment options offered to Florida educators maintain the high standards set by the Model Plan, consistently throughout the state. The IBC Model Plan letter of commitment specifies that each provider that is approved as part of the IBC Model Plan due diligence will contribute $20,000 per year for the generic financial and retirement education of all Florida K-12 employees and ongoing compliance of all obligations to participants. No IBC member association is permitted to receive any financial benefit from this funding. This letter also outlines all criteria and assures the company will adhere to them.
View the letters of commitment from each Model Plan company.