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EPIC RPS
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Merkley Retirement Consultants
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Compensation Strategies Group, Ltd.
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July Business Services
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BPAS
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Defined Benefit Specialist II or III Nova 401(k) Associates
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The Pension Source
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BPAS
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Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
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SaveMy403b
June 2, 2014
"Over half of the workers in 55 studied school districts stopped contributing to 403(b) plans when their preferred provider was not available. Consolidation of providers in Colorado led more than 54 percent of participants to drop out of their retirement plans.... [One study] showed that teachers' savings rates nearly doubled as a result of receiving and implementing advice from an advisor of their choosing."
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| 2. |
SaveMy403b
Oct. 9, 2012
"Many states do not have fiduciary requirements for 403(b) plans and for valid reasons. These plans operate differently from 401(k) plans in that school districts are frequently less involved than private employers are in their 401(k) plans. These public schools do not have human resource departments and school districts typically do not have the resources to encourage savings and educate workers in the same way as the private sector. As a result, schools benefit from the advisors who meet with workers, educate them about their retirement plans and encourage them to save."
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