Plan sponsors of 403(b) retirement plans have made progress in the past couple of years in benchmarking themselves against plans of similar size, but there is more work to be done.

According to the Plan Sponsor Council of America in its 403(b) Plan Survey, there are still a small percentage of 403(b) plan sponsors out there that don’t know the ERISA status of their plan, 6.8 percent. Among smaller plans, those with 1 to 49 employees, that number was 12.3 percent in 2011. The bulk of the 500 respondents to the 2012 PSCA survey were ERISA-compliant plans.

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