Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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ERISA Advisory Council Asks DOL for 403(b) Plan Relief
PLANSPONSOR; free registration may be required Nov. 15, 2011
The Advisory Council's reasoning for this recommendation centers around several challenges currently facing sponsors of safe harbor Section 403(b) plans, including plan sponsors' inability to locate annuity contracts that were thought to no longer be part of the plan -- but under new guidance are still considered plan assets -- the council said, according to BNA. The council's final report will give details as to why a 'fresh start' approach would be appropriate.
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