VantageCare Employer Investment Program

New EIP Brochure

View the EIP Brochure

In an environment of rising healthcare costs and GASB 45 financial reporting requirements, public sector employers want solutions to pre-fund the cost of Other Post-Employment Benefits (OPEB).

ICMA-RC's Employer Investment Program (EIP) is designed to help meet those retiree health care obligations and ease administrative responsibilities. The EIP Program offers a turnkey solution for establishing and funding an OPEB Trust that saves time and expense. Our services include administration, trust, and consulting — all with a single, trusted provider — to meet an employer’s current and future needs.

EIP provides a protected and dedicated vehicle to pre-fund retiree health costs.

The EIP Program allows you to establish an OPEB Trust to prefund promised retiree health benefits and can be paired with ICMA-RC’s VantageCare Retirement Health Savings Program for a truly comprehensive solution.

  • IRS-approved Integral Part Trust (IPT) funding vehicle – The IPT is ready for adoption and updated as laws and circumstances change, so that pre-funding employee benefits is compliant, convenient, and cost-effective for you.
  • Dedicated account — Employers are generally required to utilize a separate trust, such as EIP’s Integral Part Trust, to fund a defined benefit retirement plan.
  • Liability offset — Only assets in a dedicated trust will offset an employer’s OPEB liability.
  • Diversified investment lineup — We make available a wide range of mutual funds from different fund families and you can make changes at any time.
  • Tax advantages — Trust contributions, investment earnings and disbursements for retiree health benefits are tax-free.

Help your employees take care of their health costs in retirement, a critical expense for many. To learn more, contact your ICMA-RC representative or Plan Sponsor Services at 800-326-7272.

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