Multiple 403b Providers
An editorial piece for PLANSPONSOR about too many choices leading to confusion!
Pennsylvania has passed a law requiring multiple providers for school district 403(b)s. We’ve gotten multiple statements to the effect that the new 403(b) multiple vendor law in PA will affect taxpayers, workers and retirees. (For employees, things like higher cost and confusion about choices, and for employers, more difficult and expensive administration.) The article will take a look at the motivations behind the law and what the potential outcomes could be?