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August 30th, 2022
Information & Insights for the 403(b) Community
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Ask the Experts
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How do we treat rehires in an auto-enrolled 403(b) plan?
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"Our 403(b) plan is an automatic contribution arrangement, or auto-enrolled plan. However, our plan is NOT an Eligible Automatic Contribution Arrangement or a Qualified Automatic Contribution Arrangement, primarily because we only enroll new hires, and not existing employees. My question is, how do we treat rehires in such an arrangement? Should we auto-enroll them as new hires, or treat them as existing employees who we would not auto enroll?"
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Funding the Future Self
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To their detriment, plan participants often fail to opt in to in-plan financial advice—but that may be changing.
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DC Survey Now Open
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For more than 20 years, PLANSPONSOR’s annual Defined Contribution Survey has provided benchmarking data for nearly 50 industries/business sectors and for 401(k), 403(b), and other DC plans, as well as nonqualified plans. Represent your industry and plan type by participating, and you’ll receive a free benchmarking report.
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