TIAA-CREF Whitepaper Provides Guidance for 403(b) Fiduciaries

A new whitepaper by TIAA-CREF highlights steps 403(b) plan sponsors can take to uphold their fiduciary obligations and help plan participants maximize their retirement savings.

The whitepaper, “Minimizing Risk and Maximizing Outcomes,” provides guidance to help plan sponsors understand their role as a fiduciary, reviews strategies to minimize fiduciary and compliance risk, and details seven best practices that can serve to improve performance in areas such as plan design, governance, and oversight.