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NPPFA Benefits

(866) 994-6312


The National Public Pension Fund Association (NPPFA) developed its roots in a state specific not-­for-­ profit umbrella organization representing police and fire defined benefit retirement funds in 1985. As the demand grew for prudent stewardship over governmental deferred compensation 457(b) plans, the NPPFA was established to offer low cost benefit programs to public sector employees on a national level.

The Wise Choice for Public Employees® 457(b) deferred compensation plan was established to incorporate best practice plan design and pricing to help public sector employees, regardless of size, achieve greater retirement plan account balances. This plan was built by pooling the buying power of hundreds of local units of government in the United States with a single vendor. The NPPFA believes no public sector employee should have less money at retirement just because he or she works for an employer that does not have the size to negotiate large case pricing. The two largest 457 vendors have multiple pricing schemes whereas the NPPFA 457(b) plan offers a single price. Over the years, this single price has come down as the co‐op has increased in size.

By pooling the buying power of local government units, the NPPFA has been able to negotiate a program that normally would require a single employer to have $50 million in available assets for deposit before this fee structure would be available. Within the core funds, the Wise Choice for Public Employees plan provides total delivered pricing from 0.00% – 1.53% annually.

Since the inception of the program in 2002, the plan has saved participants over $40 million in fees. As of January 2024, there are over 275 units of government that participate in the co-op with over $675 million in managed assets. 

The NPPFA Board of Directors hired NPPFA Benefits to initially create the plan and then subsequently contracted NPPFA Benefits to exclusively provide the Education, Sales, and Marketing for the NPPFA 457(b) Wise Choice for Public Employees Plan, the Retirement Healthcare Funding Plan/115 Trust, and the Wise Choice for Educators 403(b)/457(b) Plan.