The following Press Release came from the NTSAA today. The NTSAA is the leading organization against the implementation of the proposed regulations from the IRS. The new regs are needed and I believe will lead most 403(b)’s to actually become 403(b) PLANS – as opposed to arrangements. I think this will lead to a system where districts will adopt a single vendor for their 403(b). At this point 403(b)’s will begin operating very similar to 401(k) plans.
403(b) Proposed Regs Delayed - NTSAA Press Release
403(b) Proposed Regs Delayed - NTSAA Press…
403(b) Proposed Regs Delayed - NTSAA Press Release
The following Press Release came from the NTSAA today. The NTSAA is the leading organization against the implementation of the proposed regulations from the IRS. The new regs are needed and I believe will lead most 403(b)’s to actually become 403(b) PLANS – as opposed to arrangements. I think this will lead to a system where districts will adopt a single vendor for their 403(b). At this point 403(b)’s will begin operating very similar to 401(k) plans.