What's New

Dear Educators, friends and public school employees,

This is important to know

In a quest from the IRS to keep a tighter record keeping, monitoring and overall more control on our investment plans, especially Pre-Tax retirement plans like the 403(B) and 457(b) the IRS asked the employers to bring third party plan administrators to overlook, and monitor. The Plan Administrator need to approve and sign the Loan requests and or transfer requests.

The IRS asked the companies to comply with their new record keeping requirements, other monitoring requirements. Some ninety percent of the companies did not comply and no longer on the “Approved Vender” list.

If you contribute to your 403(b) TSA account and the company is not on the approved Vender List you may notice that since January 2009 you are not contributes to your 403(b) any more

To restart contributing to a 403(b) TSA? You need to restart the account with one of the Approved Vender.

If you are LAUSD employee, take a look below of the Approved Venders list. If you have an account with none approved Vender and you wish to take a Tax Free Loan from your account . You will need transfer your account to one of the Approved Vender first.

Please feel free to call us for more questions

Or you can take a look at the FAQ

I like to wish you all the best for the New Year.

To all my clients I like to thank you for letting me be servicing your benefit accounts! Thanks a million for all your referrals, and just being a friend.

Moti Gur

Financial advisor
License # 0701843
Office 310-391-4040
Cell 310-663-9655

The Approved Venders list..

1. Americo (Great Southern Life)

2. Ameriprise Financial Services, Inc.

3. AXA Equitable Life Insurance Co.

4. CalStrs (Annuity)

5. CalStrs (Mutual Fund)

6. Great American Financial Resources (GALIC / United Teachers / National Health)

7. Horace Mann Life Ins. Co.

8. Industrial Alliance Pacific

9. ING Life Insurance and Annuity Co.

10. ING Reliastar/Northern Life Insurance Co.

11. John Alden Life Insurance

12. Life Insurance Company of the Southwest (LSW)

13. Lincoln Financial Group

14. Massachusetts Mutual Life (MassMutual)

15. MetLife / Travelers / CitiStreet

16. Midland National Life

17. North American Company for Life and Health

18. Oppenheimer Funds Services

19. Paul Revere Insurance

20. Plan Member Services

21. Security Benefit

22. The Legend Group

23. TIAA-Cref

24. USAA Insurance Co (Annuity)

25. USAA Investment Management (Mutual Fund)

26. VALIC

27. Western National Life (formerly American General Annuity)

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Moti Gur is a Registered Representative with and securities offered through
Financial Network Investment Corporation.
A registered broker/dealer, Investment advisor and member FINRA/ SIPC
3807 Wilshire Blvd, Suite 1040 Los Angeles, CA 90010 213-385-6237
http://www.financialnetwork.com