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AlbanyConsultant

Auto-enroll 403b?

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I have only a couple 401(k) plans with auto-enrollment, so now that a 150-life NFP with an ERISA 403(b) asked me to add auto-enrollment to their plan, I figured I should ask around to see if there is anything that I specifically need to be careful of implementing this in a 403b.

 

I figure they will go the EACA route because they are not going to want to do the required QACA contribution, and they sound like they want the ability to let the participants do the 90-day withdrawal.  Following the Relius chart I'm linking below, there doesn't seem to be anything else that would pose an issue in this situation.  Any tips or advice would be appreciated, thanks.

http://www.relius.net/news/pdf/Form376ACAcomparchart.pdf

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Just thought of something: the plan uses the "expected to work less than 20 hours per week" exclusion for their employer contribution ONLY.  Does auto-enrollment mean you are auto-enrolled for all sources?

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