Tag: 403(b) plan
The University of Pittsburgh has found stories from peers resonate well with every employee group.
With EvoShare, employees can spend as usual at over 10,000 participating businesses and receive up to 20% cash back toward a 401(k) or 403(b) plan, student loan, and/or 529 plan.
The new National Tax-Deferred Savings Association education program is delivered via certified retirement education specialists and is vendor-neutral.
On average, they offer 27 core investment options, according to ICI and BrightScope
The lawsuit accused Matrix Trust Company of violating its fiduciary duties by making unauthorized transfers of participants’ accounts to a bank account maintained by Vantage Benefits Administrators.
The average 401(k) balance reached an all-time high of $106,500 in the third quarter, and the average 403(b) balance is nearly double what it was a decade ago, according to Fidelity Investments.
The concept is being reintroduced through the American Savings Act
The guide includes information on rollovers, loans, hardship withdrawals and much more.
This is a pre-approved plan that meets IRS requirements.
403(b) plan sponsors pay just $600 for full service administration and plan document services.
“I work for a denominational church plan sponsor who maintains a 403(b) plan. We have a clergy member who has NOT taken a vow of poverty, but who has another job for which he receives a salary, in addition to being a pastor at one of our churches.
The mutual-fund based program also offers an in-plan retirement income option and access to 3(38) fiduciary services.
Participants allege the company should have allowed a single recordkeeper to service its traditional DC plan and its 403(b) plan—and that it permitted excessive fees by paying for distinct administrative services for each.