Spring 2010
New White Paper Sounds a 2010 Wakeup Call for 403(b) Plan Fiduciaries
The new decade brought new challenges for 403(b) plan sponsors. During 2010 they face increased reporting requirements, more fiduciary exposure and potential Department of Labor investigations and penalties. The Standard’s recent white paper, "A 2010 Wakeup Call for 403(b) Fiduciaries" takes a look at the new regulations, risks and steps plan sponsors and other plan fiduciaries can take to protect themselves and their participants.
While the limited research available so far this year suggests that the largest plan sponsors are on top of the new regulations, smaller non-profits and many colleges, universities and school districts may be struggling to implement the new guidelines. Meanwhile, members of their boards and trustees may be unaware of their new fiduciary responsibilities, and equally crucial, their potential personal liability.
You can use this paper to deepen your own understanding of the changing 403(b) environment, help your current clients and reach out to prospective clients in the 403(b) arena. Download it now or contact us for a copy.