FOR IMMEDIATE RELEASE
February 24, 2026

Contact: Sabrina Soto
866.682.2729 x7088
[email protected]

 

ASBO International Celebrates a Year of Impact with Its 403(b) Model Plan for Public Schools

 

Reston, VA – February 24, 2026 — With growing adoption by K–12 school districts, ASBO International’s 403(b) Model Plan is emerging as a trusted resource for retirement planning and compliance management. Introduced in 2025 and supported by Daybright Financial (formerly U.S. Retirement & Benefits Partners), the plan addresses critical needs in today’s education landscape.

A Proven Solution for Today’s Challenges

Since its launch in 2025, the 403(b) Model Plan has delivered measurable benefits for school districts nationwide:

  • Streamlined Administration: Districts have reduced internal workload by leveraging expert third-party administration, freeing staff to focus on educational priorities.
  • Enhanced Compliance: The plan ensures adherence to IRS and State regulations, minimizing audit risk and protecting districts from costly penalties.
  • Improved Employee Financial Wellness: Educators and staff gain access to structured retirement options, strengthening retention and morale during a time of staffing shortages.

Daybright Financial Partnership Driving Results

Through U.S. OMNI & TSACG Compliance Services, a Daybright Financial Company, Daybright provides dedicated operational support and compliance expertise. This partnership has enabled districts to implement the plan efficiently and confidently, with ongoing guidance tailored to the unique needs of public education.

“Over the past year, we’ve seen the 403(b) Model Plan become a trusted resource for school business professionals,” said Jim Rowan, CAE, SFO, Executive Director of ASBO International. “It’s helping districts manage financial responsibilities while supporting the educators who shape our future.” Megan Schneider, CEO of Daybright Financial, added, “Our mission is to simplify financial wellness for educators. Seeing the positive impact of the Model Plan reinforces the importance of collaboration in delivering solutions that truly make a difference.”

Participating Providers

ASBO International gratefully acknowledges the following participating providers in the 403(b) Model Plan program. Their partnership and expertise have been instrumental in the plan’s success and continued growth:

  • Daybright Financial
  • Equitable
  • Security Benefit
  • Voya
  • Horace Mann
  • American Century
  • National Life Group

These providers offer a range of retirement planning and financial wellness solutions, ensuring districts and their employees have access to high-quality benefits, compliance oversight, and operational efficiency.

Their collective commitment ensures districts have access to best-in-class benefits administration, compliance oversight, and operational efficiency.

Join the Growing Community

The 403(b) Model Plan is available to all public K–12 school districts. ASBO International encourages school business leaders to explore how this proven solution can strengthen compliance, reduce administrative burden, and support staff well-being.

For more information or to get started, visit ASBO International’s 403b Model Plan webpage.

 

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About ASBO International
Founded in 1910, the Association of School Business Officials International (ASBO Intl.) is a nonprofit association offering programs, resources, services, and a global network to K–12 finance and operations decision‑makers. Our members manage budgeting, procurement, facilities, human resources, technology, transportation, food service, healthcare, and more, upholding the highest standards of school business management and driving the effective use of educational resources. Through professional certifications, advocacy, and year‑round development opportunities, ASBO International equips school business officials to deliver operational excellence and support student success.

Learn more at asbointl.org.


About Daybright Financial
Simply put, we are one of the nation’s largest independent, privately held firms specializing in employee benefits, retirement plans, and all their associated compliance needs. Since 2008, we have grown by acquiring over 60 local and national firms that have been trusted members of their communities for decades. We hold the coveted “Best Places to Work – USA” certification and serve more than 18,000 employer groups and 3.6 million plan participants nationally.

For more information on Daybright Financial, visit daybright.com. Follow Daybright on LinkedIn, Instagram, Facebook, and YouTube.