Notice of Change to 403(b) and 457(b) Retirement Plans
To: All employees of the Somerville Board of Education
In an effort to provide quality benefit programs for our employees, we have contracted a third-party administrator for our 403(b) and 457(b) Plans. PenServ Plan Services, Inc. ("PenServ) will be our new Third Party Administrator/Recordkeeper. This change will permit greater attention to our participants, faster turnarounds, and the addition of new plan provisions.