The firm touts added benefits of the arrangement, but some smaller-balance account holders will wind up paying more.
We've gone over how to create a suitable 403 ( b ) plan. Here's how to help school officials to put it into place.
A recap of crucial points from our 403 ( b ) series.
Attorneys, ever present in the 401(k) market, are beginning to target university 403 ( b ) plans. These lawsuits follow close on the heels of ones against MIT, NYU and Yale.
In so-called 'open vendor' states, high-cost 403 ( b ) plans may be side-stepped by turning to 457( b )s, explains plan-participant advocate Steve Schullo.
Some believe the Connecticut law could be a springboard to reform among other states.
In a potential indication of how judges will rule in the other university lawsuits, Emory and Duke will have to defend allegations that using multiple record keepers breaches their fiduciary duty.
Distrust between school districts and unions, as well as potential financial incentives, factor into lack of reform.
How to avoid becoming an ostrich and getting bamboozled.
It's hard to justify putting school teachers in a tax shelter within a tax shelter.