Products August 25, 2010
SPARK Adds to Q&A for 403(b) Best Practices
August 25, 2010 (PLANSPONSOR.com) - The SPARK Institute has posted more than 20 answers to new questions it has received regarding its 403(b) Plans Information Sharing Data Elements Best Practices and Best Practices for Multiple Vendor Plans Remittance and Census Data Elements.
Reported by PLANSPONSOR staff
A SPARK news release said the questions and answers deal with a range of topics, including loans, hardship withdrawals, distributions, and data transmission standards. They are posted, along with previously answered questions and other materials related to the Best Practices, on the Institute’s web site at http://www.sparkinstitute.org/comments-and-materials.php.
“We encourage 403(b) plan providers and employers who have questions about our Best Practices to contact us at data-elements.questions@sparkinstitute.org to submit them and to notify us if they would like to be informed each time we update the Q&A site,” Larry H. Goldbrum, General Counsel, said.You Might Also Like:
How Should Plan Sponsors Stand Up a New Retirement Plan Committee?
Plan sponsors can find education and training for their retirement plan committees from several sources, but how best to build...
How Sponsors Can Get the Most out of DC Plan Design Changes
Annuities may be a hot topic, but sponsors can add the most value to plans by incorporating features like auto-enrollment...
Benefits |
DOL Prevails in Court Orders, Removing TPA From Acting as Fiduciary for Sponsors
The regulator prevailed in motions against a Pennsylvania retirement third-party administrator it alleges stole $5.5 million in retirement plan assets...