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goodhue_county_education_district_support_staff_co.pdf

EFS Advisors to Manage District's Employee 403(b) Auto-Enrollment

$20.83 per paycheck per employee (deduction); District matching contributions up to $1,500 annually per scheduleKenyon-Wanamingo School DistrictEFS ADVISORSJuly 1, 2025

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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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