2010 403(b) Plan Buyer's Guide: Sea Change
Jan 01, 2010
(PLANSPONSOR.com) --
New Internal Revenue Service regulations passed in 2007 have created a tidal wave of change for 403(b) plans sponsors. Many 403(b) plan sponsors have traditionally practiced little plan oversight, but new rules have them thinking about how to simplify plan administration, control costs, and improve their plans for participants. Sponsors are turning to advisers, attorneys, and third party administrators for help, and are re-evaluating their investment provider choices. In addition, new reporting and audit requirements have some seeking actuarial help. This survey provides a listing of various types of providers to 403(b) plans, including the services each one provides as well as information on which 403(b) market segment each one serves.
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