A new survey finds despite complexities and confusion, 403(b) plan sponsors are in the final stages of complying with sweeping regulatory changes from the Department of Labor.
The survey from the Profit Sharing/401k Council of America (PSCA) and sponsored by the Principal Financial Group, shows these sponsors are also adapting to participant needs and coping with volatile markets.
In 2009, the Department of Labor issued new regulations that impose standards for 403(b) plans that mimic those of 401(k)s. [See New 403(b) regulations offer new opportunities]
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