The agency issued a listing of required modifications for pre-approved plans.
Tag: 403(b) plan
A GAO study found a wide range in 403(b) plan recordkeeping and investment management fees.
Proposed required minimum distribution changes would require a participant to take calculated amounts from each 403(b) contract he has.
The 2022 Cumulative List will assist providers of Section 403(b) pre-approved plans applying to the IRS for opinion letters.
Participants in a terminated 403(b) plan challenged the use of actively managed funds and higher cost share classes.
Imprudent investments and excessive fees were themes of lawsuits filed last week against retirement plan fiduciaries.
The Ameritas GPS platform and a 403(b) program aim to help participants meet financial goals.
In most cases, the 403(b) is the better option.
Doing so could encourage more employees to participate in the plan, sources say.
The EvoShare program also allows employees to receive up to 20% cash back on spending toward a 401(k) or 403(b) plan, and/or 529 plan.
Just over six out of 10, 61.6%, said they engage with their retirement plan, according to a survey by Vestwell.
On average, they offer 27 core investment options, according to ICI and BrightScope
The dismissal of the lawsuit accusing the custodian of making unauthorized 403(b) plan account transfers comes a month after the owners of the plan's recordkeeper were indicted for stealing from retirement plans.
In the past 10 years, the average 401(k) balance has grown 87%, from $56,900 in the third quarter of 2008, Fidelity Investments reports.
The legislation would establish a personal retirement account for every American that they could take with them from job to job.
The law applies to Connecticut K-12 school districts.
The National Tax-Deferred Savings Association updates its reference guide ‘The Source’ to reflect last year’s tax reform and the DOL fiduciary rule derailment.
Half of Millennials expect to retire with financial stability, although most admit they do not know how to successfully invest, PNC Investments found in a survey.