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February 4th, 2020
Information & Insights for the 403(b) Community
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Ask the Experts
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Can Plan Sponsors Limit the Automatic Enrollment Opt-Out Period?
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“We sponsor an ERISA 403(b) plan with an automatic contribution arrangement (ACA). We love auto enrollment and the positive impact it is having on our participation, but still have a number of people that opt out, and would like to improve our participation figures even further. Could we add a provision that only allows participants 90 days to opt-out, otherwise they are in the plan for as long as they are employed? I thought I read something in the regulations about this.”
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IPX Announces Three Additions to Executive Suite
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The Investment Provider Xchange (IPX) has added executive staff and sales team members. IPX is an investment-agnostic platform for the 403(b)/457(b) marketplace that provides web-based portals for investors and other interested parties to seamlessly interact with and manage their accounts.
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