The Plans Management Board oversees the state’s investment programs. Available to the public, the 529 Educational Savings Plan hosts over 41,000 individual active accounts as of March 31, 2022. The 529 has continued to grow since its inception, helping residents plan for educational costs, and increasing college- and career-readiness. The 529A ABLE Savings Plan for individuals with disabilities opened in June of 2018, and holds nearly $2.1 million in assets. Finally, the Board supervises the Deferred Compensation Program which offers a 457(b) and 403(b) retirement plan for state employees. Over 32,000 state employees participate in the program with enrollment increasing rapidly over the last several years.
This body was established by Del. Code Title 29 Ch. § 2722 Plans Management Board.
The Board is composed of 11 members, including the State Treasurer, the Secretary of Finance, the Director of the Office of Management and Budget, the Insurance Commissioner and the Secretary of Education. Each may appoint a person to serve in their stead. Two state employees appointed by the Governor, one of whom can participate in the 403b Plan, also serve on the Board alongside four public members appointed by the Governor.
View the members of the Plans Management Board:
The Audit and Governance Committee has the authority to review and make recommendations to the Board about all matters related to (i) Plan audits (ii) Plan amendments, (iii) Plan-related cybersecurity issues; and other audit or governance matters pertaining to the Plans.
Members: Committee Chair Pete Kennedy, State Treasurer Colleen C. Davis, Tim Snyder, John Macedo.
Members: Committee Chair Alan Colberg; State Treasurer Colleen C. Davis, Secretary of Finance Rick Geisenberger, Todd Roselle, David Biddle.
These committees exist to review specific programs, projects, or topics to make recommendations to the Board. Committee members may be experts who do not serve on the full Board.
Plans Management Board Members can find pertinent government materials here.
Deferred Compensation Plan
401a Match Plan
Plans Management Board (PMB) Policies
Investment Policy Statements
Deferred Compensation Plans Investment Policy Statement – Under IRC §§ 457, 403(b) and 401(a)
July 1, 2022
Treasurer Davis to Help Fund New Education Accounts
Thursday, June 30, 2022
Two State Sponsored Savings Programs to Bring New Tax Deductions
Wednesday, June 22, 2022
Lawmakers Approve Treasurer’s Retirement Legislation
Tuesday, May 31, 2022
Program to Help Foster Youth Pursue Higher Education
Wednesday, May 25, 2022
May 29th is 529 Day
Thursday, February 17, 2022
Treasurer Davis Encourages Delawareans to Examine Saving Habits
Tuesday, November 23, 2021
Give the Gift of Education this Holiday Season
Friday, September 17, 2021
College Savings Highlighted in Work of Office of the State Treasurer
Thursday, May 20, 2021
State Treasurer Colleen Davis Brings Forth Landmark Retirement Program for Delaware
August 12, 2020
State Treasurer Colleen Davis Marks #ABLEtoSave Month