Retirement Coalition Releases 403(b) Auto Features Guidance
Employers that offer 403(b) plans can find the comprehensive guide to implementing automatic features on the RMS Web site at www.RetirementMadeSimpler.org/403b.
The resource includes basic facts, benefits to employers, and sample forms, such as new employee notice of enrollment and opt-out forms. The toolkit also explains changes to the retirement fund landscape established by the Pension Protection Act.
“We wanted to provide educational institutions and non-profits that have 403(b) plans a one-stop resource covering everything from the basics of automatic enrollment to best practices such as automatic escalation,” said John Gannon, Senior Vice President of FINRA, a founding partner of the Retirement Made Simpler coalition, in a news release. “The 403(b) Toolkit offers step-by-step guidance and sample communications to help simplify implementation.”
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
« Employees Appreciate Health Benefits but Worry about Reform