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Purchasing Resources

Cal-ISBOA is a trusted resource for California business officers.  By developing purchasing relationships, we identify and communicate options that deliver value to our member schools. By leveraging our collective purchasing power, our members save time and money and reduce risk. 

Featured Purchasing Partner

The Independent School Group Retirement Plan - A Multiple Employer Plan for Independent Schools

Ready to take managing your school's 403(b) retirement plan off your to-do list?  For schools seeking a cost-effective retirement plan that's easier to administer than a traditional single employer plan, a MEP could be a great option.

Cal-ISBOA Member Schools, in association with MISBO, now have access to The Independent School Group Retirement Plan, a program designed to address unique needs while offering cost efficiencies, simplified administration, and reduced fiduciary burden. This benefit is offered through Transamerica, in partnership with Cafaro Greenleaf - a OneDigital Company.

Download an information packet here.

Additional Resources:
Supreme Court Revises ERISA Suit

What is a 403(b) Multiple Employer Plan (MEP)?

A MEP is a retirement plan for organizations that typically have a common interest but are not commonly owned or affiliated with one another. 

MEPs provide a way for schools, referred to as adopting employers, to pool their collective opportunity and gain efficiencies. The MEP sponsor (MISBO) hosts the plan and master contract, relieving adopting employers of extra responsibilities, allowing them more time to focus on their day-to-day business.

As part of The Independent School Group Retirement Plan you can take advantage of:

  • Reduced board fiduciary obligations and liability
  • Service provider oversight
  • Investment oversight
  • MISBO takes on the annual audit
  • No individual Form 5500 reporting
  • Minimal plan maintenance
  • Customizable plan design options involving eligibility, matches, vesting schedules, and more
  • Potential cost savings
  • Administrative efficiencies




Cal-ISBOA is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®. For more information about certification or recertification, please visit shrmcertification.org

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