Providers of 403(b) plans that are subject to ERISA will face regulatory challenges this year–namely complying with the Department of Labor's fee disclosure rule as well as the expanded Form 5500 reporting requirements.
Those in the 403(b) arena can also expect the Internal Revenue Service's employee plans unit to release shortly several guides on 403(b) plans.
Like 401(k) providers, 403(b) plans must also comply with the DOL's Employee Benefit Security Administration's fee disclosure rule, which the EBSA says is slated to take effect on April 1.
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Melanie Waddell
Melanie is senior editor and Washington bureau chief of ThinkAdvisor. Her ThinkAdvisor coverage zeros in on how politics, policy, legislation and regulations affect the investment advisory space. Melanie’s coverage has been cited in various lawmakers’ reports, letters and bills, and in the Labor Department’s fiduciary rule in 2023. In 2019, Melanie received an Honorable Mention, Range of Work by a Single Author award from @Folio. Melanie joined Investment Advisor magazine as New York bureau chief in 2000. She has been a columnist since 2002. She started her career in Washington in 1994, covering financial issues at American Banker. Since 1997, Melanie has been covering investment-related issues, holding senior editorial positions at American Banker publications in both Washington and New York. Briefly, she was content chief for Internet Capital Group’s EFinancialWorld in New York and wrote freelance articles for Institutional Investor. Melanie holds a bachelor’s degree in English from Towson University. She interned at The Baltimore Sun and its suburban edition.
