Nearly six of 10 nonprofit sponsors of 403(b) plans are not planning any changes to their retirement plans when the Department of Labor's fiduciary rule is implemented, according to a survey by the Plan Sponsor Council of America.
A static approach to the impending rule, which has an April 10, 2017 implementation date, was seen across 403(b) plans of all sizes, PSCA found.
Among plans with more than 1,000 participants, more than half are not planning any changes. For the smallest plans with less than 50 participants, more than 67 percent plan to maintain the status quo.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
