NAGDCA Publishes 403(b) Q&A Document
The topics focused on in theNational Association of Government Defined Contribution Administrators (NAGDCA) document include:
- Plan governance and fiduciary responsibilities,
- Prior vendor “orphaned” or “grandfathered” contracts,
- Contracts ceasing to receive contributions on or before December 31, 2004,
- Contracts ceasing to receive contributions in 2005 – 2008,
- Contracts held for former employees or beneficiaries,
- Service provider consolidation,
- Delegation of compliance responsibilities,
- 403(b) limit monitoring,
- Administrative functions,
- Plan design issues, and
- Plan termination.
The Lexington, Kentucky-based group represents Deferred Compensation and Defined Contribution plans at the state and local government level as well as financial services providers.
The NAGDCA document is available here . Additional 403(b) information is available through the PLANSPONSOR 403(b) portal here .
Sign-up for PLANSPONSOR’s(b)Lines – a bi-weekly update on the latest news and information for 403(b) plan sponsors and those who support them. MORE
You Might Also Like:
How Should Plan Sponsors Stand Up a New Retirement Plan Committee?
How Sponsors Can Get the Most out of DC Plan Design Changes
DOL Prevails in Court Orders, Removing TPA From Acting as Fiduciary for Sponsors
« Should Government Pension Valuations Follow Corporate Pensions' Path?