"[T]he recordkeeping fees for 401(k) plans are generally less expensive than those for 403(b) plans of the same asset size.... Assets in 403(b) plans typically reside in multiple contacts ... many will be individual in nature, where the plan sponsor will have little say.... [Annuities are] offered as an option in 68% of 403(b) plans.... Annuities are more difficult to recordkeep, particularly in the daily-valued environment that dominates retirement plans today ... 401(k)s rarely utilize more than one recordkeeper, where it is not unusual for a 403(b) plan to have multiple recordkeepers."  MORE >>