TIAA-CREF Issues Compliance Guide for Administrators of 403(b) Plans |
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Written by U.S. Insurance News
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Monday, 05 May 2008 |
Those who administer 403(b) plans need a little help navigating the new regulatory requirements.
That’s why TIAA-CREF, which serves more than 15,000 retirement plan sponsors in the academic, research, medical, and cultural fields, has introduced “403(b) Plan Fundamentals—Your Guide to Compliance.”
Nancy Heller, senior managing director and head of Institutional Relationships at TIAA-CREF, said the new guidebook is the latest in a series of tools from her company to help clients comply with added obligations under the new 403(b) plan rules. TIAA-CREF also provides customized Webinars, client workshops led by specialized teams, monthly e-newsletters, and a special section on its Administrator Web Center home page called “403(b) Outlook,” where new articles on key issues are posted each week.
“TIAA-CREF is tapping years of 403(b) experience to offer substantive information to help clients navigate the details of plan operation and satisfy their evolving obligations.”
Sections of “403(b) Plan Fundamentals—Your Guide to Compliance” include an overview of new rules, plan sponsors’ responsibilities, and a checklist for compliance; in-depth information about plan documents, non-discrimination requirements, loans and distributions, information sharing agreements, plan documents, contribution limits, Form 5500 and ERISA, and fiduciary liability; and an FAQ, glossary, and other reference materials.
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