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.
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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.

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