The latest review of 403(b) plan sponsors shows many non-profits could be unintentionally be shirking fiduciary best practices.
Only 60 percent of sponsors are reviewing investment options in plans, according to the Plan Sponsor Council of America's annual review of 403(b) plans.
And only 40 percent of smaller plans (1 to 49 participants) are reviewing investments, an action considered by ERISA experts to be fundamental to fiduciary responsibilities.
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