The firm says it is the first to offer software that complies with the latest IRS regulations, including 2008 calculation factors.
“No one yet knows the full impact the new regulations will have,” observed Chuck Yanikoski, President of Still River, in a press release. “But we can certainly expect noticeable changes among plan sponsors, product manufacturers, and field reps. Plan sponsors will need to become more vigilant about compliance, and some will perhaps terminate their plans rather than take on the extra duties.”
Yanikoski further said he expects to see a “surge of interest among the more creative people in the 403(b) market, the ones who see these changes as an opportunity.”
The IRS issued the final 403(b) regulations in late July (See 403(b) aware).
For more information, visit www.StillRiverRetire.com.