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The nonprofit sector accounts for at least 1 of every 10 jobs in more than half of states, so positive changes to 403(b) plans can spur significant improvement to retirement security in the U.S., a PSCA survey shows. (Photo: Shutterstock)

Organizations that provide 403(b) plans for their workers are adjusting plan designs to rely more on automatic features to help improve participant outcomes.

That’s according to the PSCA 403(b) Retirement Plan Survey from the Plan Sponsor Council of America, sponsored by Principal Financial Group. The survey finds that more organizations are working with advisors, too, and that could be responsible for some of the changes.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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