Florida Retirement System Members

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As a proud member of the Florida Retirement System (FRS), you can access a range of retirement plans designed to secure your financial future. At First Retirement Services, we specialize in providing expert guidance and support to FRS members, including School Employees, Nurses, State Employees, Law Enforcement personnel, and others. Let us help you maximize your retirement with comprehensive insights into the 401A, 457B, 403B, and DROP retirement plans.

Understanding Your Retirement Plan Options 

• 401A Plan: The 401A plan is a defined contribution retirement plan available to FRS members. Both you and your employer contribute to the plan, allowing your savings to grow over time. Contributions to the 401A plan are typically tax-deferred, meaning you only pay taxes on withdrawals made during retirement. Our advisors can help you optimize your 401A contributions and investment choices to align with your retirement goals.
• 457B Plan: The 457B plan is another valuable retirement savings option for FRS members. This deferred compensation plan enables you to contribute a portion of your pre-tax income, reducing your taxable income and potentially lowering your current tax burden. Like the 401A, withdrawals from the 457B plan are taxed at the time of distribution. Our investment consulting services can assist you in making informed decisions about your 457B plan investments to build a robust retirement portfolio.
• 403B Plan: Designed specifically for employees of educational and nonprofit organizations, the 403B plan offers eligible FRS members a tax-advantaged way to save for retirement. Contributions to the 403B plan are made on a pre-tax basis, providing immediate tax benefits. Our advisors can help you navigate the complexities of the 403B plan, ensuring that your investment choices align with your long-term financial objectives.
• DROP (Deferred Retirement Option Program): The DROP is a unique retirement program within the FRS that allows eligible members to accumulate additional retirement benefits while continuing to work for up to 60 months after reaching normal retirement eligibility. As you participate in the DROP, your retirement benefits are placed in a separate account, accruing interest at a fixed rate. Properly managing your DROP account and coordinating it with your other retirement plans is crucial for maximizing your overall retirement benefits. Our experienced advisors can provide comprehensive DROP account management and guide you in making the most of this valuable program.

How First Retirement Services Can Help You

At First Retirement Services, we understand that navigating the intricacies of retirement plans can be overwhelming. Our team of dedicated financial advisors specializes in serving FRS members and is well-versed in the details of the 401A, 457B, 403B, and DROP retirement plans. Here's how we can assist you:

1. Personalized Retirement Planning: We work closely with you to understand your financial goals and tailor a retirement plan that takes full advantage of your FRS benefits.
2. Investment Consulting: Our experts offer guidance on optimizing your investment choices within the 401A, 457B, and 403B plans to ensure your portfolio aligns with your risk tolerance and long-term objectives.
3. DROP Account Management: For members participating in the DROP program, we provide comprehensive account management services, helping you make strategic decisions to enhance your retirement benefits.
4. Financial Education: We believe in empowering our clients with knowledge. Our educational resources and workshops are designed to help you understand your retirement options better and make well-informed decisions.