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Security Benefit has been NEA Member Benefits’ partner for the NEA Retirement Program since 2000, working to help NEA members achieve a secure retirement. The company began as “The Knights and Ladies of Security” in Topeka, Kansas, in 1892. Today, Security Benefit is a recognized leader in the U.S. retirement market, offering a customized suite of savings product solutions for employers and individual investors. The Security Benefit Charitable Trust, established more than 35 years ago, pledges millions of dollars each year to improve the community, including providing support to education programs. In addition to being the premier sponsor of the Kansas Teacher of the Year Program, for the past seven years, Security Benefit has been a corporate sponsor of The NEA Foundation’s Annual Salute to Excellence in Education Gala.
More information about Security Benefit can be found at www.securitybenefit.com.
Security Benefit pays an annual fee to NEA MB for the exclusive right to offer the products in the NEA Retirement Program and to provide marketing, advisory, fiduciary, and other services to NEA Members and for the NEA Retirement Program. In 2023 the annual fee amounted to approximately $4 million. Receipt of the annual fee creates a potential conflict of interest and gives NEA MB an incentive to partner with Security Benefit to make the Program available to NEA Members. To address this conflict, NEA MB conducts on-going due diligence on Security Benefit to ensure that NEA Members benefit from the products and services offered by Security Benefit. NEA MB also discloses this relationship to NEA members in educational, marketing, and promotional materials. You may wish to consider this arrangement and any possible conflict of interest when considering and evaluating any communications or recommendations relating to NEA Retirement products.