Final 403(b) Regulations

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 if you have any questions or comments.