AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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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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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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A 'Miner' Change to the Government 457(b) May Make a Major Difference to Teachers
The Teacher's Advocate Jan. 16, 2020 "Included in the [SECURE Act] is a provision that allows in-service 457(b) withdrawals at age 59-1/2 leveling the playing field with the 403(b) on access.... Currently, the favored defined contribution plan for teachers is the 403(b). But because the K-12 403(b) is not subject to ERISA fiduciary oversight, most plans feature high-cost products sold by high-commission sales agents.... By design, the 457(b) requires more fiduciary oversight which has generally led to better, lower cost investment options. It now might make more sense for teachers to contribute to the 457(b) before contributing to a 403(b)." |
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