WISD 457 Program

Albin Campbell - AB Campbell & Associates

A Message from Albin Campbell.

As a WISD employee you have several options of saving for your future retirement. Michigan’s Office of Retirement Services (ORS) provides options in addition to the WISD sponsored 403(b) and 457 programs. You have the ability to utilize all programs for your personal benefit.

Security Benefit’s Advisor Mutual Fund Program is the WISD sponsored 457 plan. Below are key features of the Security Benefit offering. Contact me for an in-person conversation to review all the retirement planning options to help you reach the retirement you deserve.  

457 Enrollment Booklet*

I look forward to our conversations, Albin Campbell.

*PDFs have been provided by Security Benefit

Secure Act 2.0 was signed into law by President Biden on January 30, 2022. The act with approximate 60 provisions will be implemented over the next 4-5 years. Retirement plans being impacted are:

Defined Benefits Plans (pensions), Governmental 457(b) plans, 401K, 403(b) and IRAs.

Individuals can access immediate and future changes. Plan sponsors will implement mandated changes and consider optional changes to their plans. This is a partial list of changes by implantation year of provisions that may impact you, a family member or friend.

It is imperative you have the details before implementing any of the provisions into your planning.

All retirement plan participants of any age can benefit from these provisions.


  • Repayment of Qualified birth or adoption distributions
  • RMD (Required Minimum Distribution) excise tax reduced
  • Hardship withdrawal self-certification
  • Qualified Longevity Annuity Contracts (QLAC’s ) increased contribution
  • RMD ( Required Minimum Distribution) age increased
  • Exception to early withdrawal penalties for public safety officers
  • 529 rollover to Roth IRAs


  • Eliminates RMDs (Required Minimum Distributions) for employer plan Roth’s
  • Catch-up contributions for participants with compensations, In excess of $145,000 must be made in Roth
  • Penalty-free withdrawals for individual case of domestic abuse
  • Employer matching for student loan debt repayment
  • Annual withdrawal for personal or family emergency, possible
  • Emergency savings account linked to individual account plans


  • Higher catch-up limits to apply at ages 60-63
  • Long-term part-time workers participation qualifications
  • Plans may permit distributions to purchase long term care

Target Dated Funds

Often considered a “Set it and Forget it” approach.   
Mutual Funds for IRA - SEP/Simple IRA - 403(b)(7) Fact Sheet*

Individual Mutual Funds

 Over 140 funds, no proprietary funds, over 31 investment managers, representing all asset classes to build your own portfolio. Morningstar 4-&-5 star fund information* by asset class is provided. 

Portfolios Created by Mesirow

Mesirow Financial Services established in 1937, employee owned, headquartered in Chicago, offices worldwide with $215 billion of assets under management.

Examples of their portfolios are provided.

Vanguard Passive Asset Allocation Portfolio*

Target Portfolios by Mesirow Financial*

*PDFs have been provided by Security Benefit

Download the Advisor Mutual Fund fact sheet* to learn about fund fees, portfolio fees, administrative charges and commissions.

SB-10027-68 | 2023-02-02

Neither Security Benefit Corporation nor its affiliates are fiduciaries. This information is general in nature and intended for use with the general public. For additional information, including any specific advice or recommendations, please visit with your financial professional.

The Mesirow Financial Investment Strategies Group is a division of Mesirow Financial Investment Management Inc. The information provided herein is for informational purposes only and should not be construed as a recommendation to purchase or sell any particular security or investment vehicle(s) offered by Mesirow Financial Investment Management, Inc. (MFIM) or affiliates of MFIM. The information contained herein has been obtained form sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any opinions expressed are subject to change without notice. Other Mesirow Financial affiliates may receive fees for selling or advising on the purchase or sale of products mentioned herein. Additionally, Mesirow Financial affiliates may also receive fees paid by manufacturers or distributors of said products in connection to other professional services provided by the applicable Mesirow Financial affiliate. The sale or advice provided is in no way related or contingent upon the payment received for these other services. It should not be assumed that any recommendations incorporated herein will be profitable or will equal past performance. Mesirow Financial does not provide legal or tax advice. Investment advisory services provided through Mesirow Financial Investment Management, Inc., a SEC-registered investment advisor. Advisory Fees are described in Mesirow Financial Investment Management Inc.’s Part 2 of the Form ADV. Mesirow Financial refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow Financial name and logo are registered service marks of Mesirow Financial Holdings, Inc. © 2020, Mesirow Financial Holdings, Inc. All rights reserved.

Services are offered through Security Distributors a subsidiary of Security Benefit Corporation (Security Benefit). All securities brokerage services are performed exclusively by the local sales representative’s broker/dealer. Security Benefit is not affiliated with Mesirow or Morningstar.

*PDFs have been provided by Security Benefit

Option 3 -


No sales charges when you by or sell shares
Deferred sales charge of 1.00% applies when you sell shares you bought within the last year

Additional Information:

Account Distribution Fee 1.00%
Deferred sales charge is applicable for each purchase only when shares are sold
Deferred sales charge does not apply to investment exchanges and declines to zero after one year

Option 4 - 


Sales charge of 5.50% charges when you buy shares
No sales charges when you sell shares

Additional Information:

Account Distribution Fee 0.35%
0% Contingent deferred sales charge

Annual Account Fee - For all options


$35 per year for accounts less than $50,000
No fee for accounts over $50,000

Additional Information:

In addition to the fees and charges otherwise described, a $25 withdrawal fee may apply to any withdrawal not requested through the participant account online at SecurityBenefit.com

Minimums and Maximums

Initial Investment:

$1000 or $25 per salary reduction

Subsequent Investments:

$25 per salary reduction


$25 per fund


See fund prospectus for availability and restrictions

How to Request:

Transaction can be requested on SecurityBenefit.com

Only two (2) options exist, options 3 & 4. 

In closing, Security Benefit materials are very transparent with regard to the details of their 457 program.

Maybe the most important benefit of my offering is your ability to have a conversation with me as we determine how to use your resources.

I look forward to our conversations.

Albin Campbell

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ADA and Title IX Coordinator ADA and Title IX Coordinator
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