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Private Education 403(b) Plans: Better Services -- If You Know How to Get Them
Fiduciary Plan Governance, LLC 
Apr. 29, 2014
"Many [private educational] institutions have already accepted the increased responsibility and regulatory burden of the [403(b)] plan document requirements implemented by the IRS in 2009. This new obligation to assess fee reasonableness is another step in the evolution to a more regulated environment for 403(b) plan sponsors. The Labor Department's rules compel institutions to engage in and to keep a written record of the fee evaluation process. If they don't, they risk the consequences."
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