EFS Advisors to Manage District's Employee 403(b) Auto-Enrollment
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Description
Goodhue County Education District will auto-enroll new hires into a 403(b) plan managed by EFS Advisors, who oversees default Target Date Fund investments, beginning July 1, 2025. Matching contributions apply per longevity schedule.
Contract Details
Contract Amount
$20.83 per paycheck per employee (deduction); District matching contributions up to $1,500 annually per schedule
Vendor
EFS ADVISORS
Agency
Kenyon-Wanamingo School District, MN
Contract Type
FINANCIAL_SERVICES
Document Date
July 1, 2025
Contract Term
Beginning July 1, 2025 (auto-enrollment), ongoing
Renewal Info
Ongoing auto-enrollment; employees may transfer to other approved vendors. EFS Advisors remains the fiduciary for default investments.
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Goodhue County Health & Human Services Contract Professional Service Agreement 2026-07-01
Goodhue County Health and Human Services Professional Service Agreement 2026-07-01
Goodhue County Education District Board Agenda April 30 2026
River Bluff Education Center Board Meeting Minutes March 2026
Goodhue County Education District Board Agenda March 2026
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