Products July 14, 2008

SPARK Issues RFP Guide for Non-ERISA 403(b)s

The SPARK Institute released a “Non-ERISA-Covered 403(b) Plans Request for Proposal Guide” to help employers conduct vendor searches.
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The free guide for sponsors will aid with the vendor search prompted by 403(b) plans regulations issued by the Internal Revenue Service (IRS), according to a release. SPARK said the guide will help simplify the vendor selection process and can be used with both single and multiple vendor searches.

After hearing from SPARK members that 403(b) plan RFP volume has been high and that, in many cases, 403(b) plan sponsors have been using RFP guides that are intended for plans covered by the Employee Retirement Income Security Act (ERISA), Spark decided to develop a comprehensive document designed specifically for the 403(b) market, the company said.

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The free guide is available here.



Products July 14, 2008

Still River Unveils 403(b) Loan, Hardship Withdrawal Software

Still River Retirement Planning Software released software to support ongoing compliance with 403(b) regulations.
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The software will help plan sponsors comply with Internal Revenue Service (IRS) regulations requiring 403(b) plan sponsors to monitor participant loans and hardship withdrawals, according to a news release.

The software is based in Microsoft Excel, so it can be used and, to some degree, modified by purchasers. The release said that once the necessary data files have been received from vendors, the user can operate the software with a single click.

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There is a one-time charge for this software, with no ongoing licensing or maintenance fees. The purchase price covers unlimited use on a single machine.

More information is available at www.StillRiverRetire.com.

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