For those working in the world of retirement planning, the differences between a 401(k) and a 403(b) Plan are obvious. However, there are many people outside of the financial services industry who are less aware of what each plan type means and who qualifies for these different retirement plan options. While the two plan types are similar in how they operate (for instance, both have the same contribution limits), there are some differences in the ...
INVESTING
FOUR REASONS TO INVEST IN YOUR 403(b) PLAN: PART TWO
Here on the blog we often share insights that help both financial advisors and Plan Sponsors navigate retirement planning. This week we are shaking things up and dedicating the entire week to the people who make up any retirement plan: participants. No matter what type of plan your employer offers, it is important as an employee to know what your benefits are and how those benefits will impact you over time. With this being said, here are two of ...
THE IMPORTANCE OF BEING VENDOR NEUTRAL
In a post last week, we touched on the topic of vendor neutrality and how that can impact a plan when shopping for a TPA. Today we are going to take a further look at the benefits of having a vendor neutral TPA. While some may think that a TPA only provides the administration or document work for a retirement plan, most third-party administrators will also offer some kind of investment product for the Employer to provide to their ...
