Tag: K-12 403(b) plans

Client Service December 12th, 2018

Working With Financial Professionals Better Engages K-12 403(b) Participants

Educators who work with a financial professional exhibit more effective financial behaviors over time, have higher mean annual contributions, increase their contributions more frequently, and are more likely to monitor their account performance than those who do not, a survey finds.

November 28th, 2018

K-12 403(b) Plans Require Unique Recordkeeping Solutions

Because K-12 403(b) plans have mostly stuck with the multiple provider and individual annuity model, different providers must work together to make sure recordkeeping for these plans is done right.

Data & Research November 13th, 2018

Study Suggests Multiple Provider Model Best for K-12 403(b) Plan Participants

The research found 25% greater participation in plans with 15 or more investment providers compared to plans with only one provider, and account balances are, on average, 73% higher among plans with 15 or more providers compared to single provider arrangements.