Get to know your retirement and financial planning services

1-minute read

The Employees Retirement System of Texas (ERS) has heard reports of private financial or investment advisory companies reaching out to state employees and implying they're affiliated with ERS or the State of Texas. We want to remind you of the services available to state agency employees and some higher education staff.

Texa$aver^SM 401(k) / 457 Program participants can use the program's retirement planning services at no cost and investment advisory services at a lower cost than many other financial and investment advisors. Empower manages this service. Use this map to find a Texa$aver Retirement Plan Advisor (RPA) convenient to you. They can offer you a great deal of overall financial assistance associated with your pension and Texa$aver assets. This is offered at no cost to you as part of our contract with the plan administrator.

If you would like more in-depth help with choosing your investments, you can sign up for optional managed account services at a competitive rate. The managed service is specific to the investment products offered within Texa$aver's core lineup.

Working with our vetted administrator gives peace of mind that your financial security is top priority. Read more about their security guarantee and tips to protect your account.

ERS also offers retirement counseling. Learn more about our retirement planning services, including a library of recorded webinars, answers to common questions, your retirement planning booklet and how to request a counseling appointment.

If you think you'd benefit from working with another financial or investment advisory service, please keep in mind that they aren't affiliated with ERS. Thoroughly research outside companies before engaging with them.

The Texas State Securities Board offers resources to help you evaluate financial services companies and protect your assets.