Across the country, 403(b) plan choices are being eroded and, with it, are the levels of participation!
If your employer is considering restricting 403(b) provider choice, there is important research you should share with them.
The American Society of Pension Professionals & Actuaries published research demonstrating why “one size fits all” doesn't work. Their white paper, “Protecting Participation: The Impact of Reduced Choice on Participation by School District Employees in 403(b) Plans,” examines the role of choice in the 403(b) marketplace and how the elimination of investment provider choice decreases public school employees’ participation in those plans.
In addition, SaveMy403b.org is ASPPA’s online forum to help keep public school employees informed about their retirement.
Choice is of the utmost importance to help you best prepare for retirement. If we can be of further assistance and help you Embrace the Future®, please contact us.
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