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Best Practices for 403(b) and Related Retirement Plans Information Sharing: Minimum and Comprehensive Data Elements, Updated on January 18, 2011; Effective as of October 1, 2011 (PDF)
SPARK Institute 
Jan. 18, 2011
These 'Best Practices' set forth: 1. The data elements for information sharing between 403(b) plan employers or employer representatives and vendors. 2. A basic file convention layout. 3. The frequency of data transmissions. 4. An approach for sharing and transmitting data on a transaction or daily basis when agreed upon by both the sending and receiving parties. The document does not define best practices for: (1) the methods of data transmission, or (2) information sharing with respect to specific plan transactions or events (e.g., loans).
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