403(b) Transparency Taskforce Launches Model Disclosure Form

The 403(b) Transparency Taskforce launched the 403(b) Model Disclosure Form—transparency standards for disclosure of fees and services in the public school 403(b) marketplace. 

The taskforce includes the National Education Association (NEA), the National Tax Sheltered Accounts Association (NTSAA) and The American Society of Pension Professionals & Actuaries (ASPPA).

With the new 403(b) Model Disclosure Form, teachers and other school district staff will have a simple, uniform tool to make comparisons among their 403(b) retirement plan investment options. The form is designed to offer public school employees clear information about the services and fees associated with their retirement savings choices, so they can make the best decisions about their 403(b) retirement savings.

“Transparency benefits everyone in the 403(b) marketplace—that’s why we urge adoption of the 403(b) model disclosure form by public schools throughout the country,” said Brian Graff, executive director and CEO of ASPPA. “We believe that once these standards are in use, school employees will have a better handle on their retirement plan options.”

The 403(b) Model Disclosure Form is available here .