The final 403(b) plan regulations require a written plan document for each plan. In an environment dominated by multiple vendor relationships, hopefully the plan document requirement can reverse a long-running trend that hurts plan participants. A multiple vendor structure removes the financial leverage required for better pricing and effective education. If a single vendor model takes hold in the 403(b) marketplace, participants should experience reduced fees, increasing the likelihood of a successful retirement. We have seen these lower fees firsthand in our vendor search projects for 403(b) plan clients. A summary of the final 403(b) regulations is available by clicking here. Please contact me at firstname.lastname@example.org if you have any questions or comments.