403(b) Authorized Investment Providers
SUNY Voluntary 403(b) Savings Program
In order to enroll in the SUNY Voluntary Savings 403(b) Program, you will need to complete a Salary Reduction Agreement form and return it to your campus Benefits or Payroll Office.
If you have additional questions, require further assistance enrolling in the SUNY Voluntary Savings Program, or are enable to contact the Authorized Investment Agent listed for your campus, please contact the Benefits Office at your State-Operated or Community College campus.
* A variable annuity contract is a hybrid investment containing both securities and insurance features. The securities feature of variable annuities provides investors with the opportunity to participate in potential capital appreciation and income through investments in the securities markets. These securities features will, however, subject the investor to market risks. The insurance features of variable annuities permit employees to “annuitize” their contracts, electing to receive a lifetime income option so that they are guaranteed a stream of income payments that they cannot outlive, much as with a pension from ERS or TRS. In exchange for this lifetime income option, however, variable annuities have an extra set of fees, known as Mortality and Expense (M&E) charges that given them higher annual operating expenses than mutual funds. Many annuities are actually funded by underlying mutual funds, which are “wrapped” into an annuity product to give employees access to a broader range of funds while still preserving the lifetime income option protection that annuities afford.