Making Sense of 403b Plans

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• Making Sense of 403(b) Plans
• Robb Boyd, Principal
• Edward Jones
• Phone [phone]
• robb.boyd_at_edwardjones.com

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Pre-403(b)Regs Multiple Provider
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(No Transcript)
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Single Provider Responsibilities
or
or
Third Party Administrator Recordkeeping Reporting
Enrollment Materials Participant
Statements Sharing information with the Common
Remitter Investments Multiple or single fund
family
Mutual Fund Company Recordkeeping Reporting Enrol
lment Materials Participant Statements Sharing
information with the Common Remitter Investments
Multiple or single fund family
Insurance Company Recordkeeping Reporting Enrollm
ent Materials Participant Statements Sharing
information with the Common Remitter Investments
Multiple or single fund family

Single Provider Provides Plan Document,
Compliance, Communication among School District
and Providers not under Plan Document
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2008 School District Timeline

• - NOW - September

- September - October
- October - December

• Educate yourself about the responsibilities as a
  school district under the new 403(b) rules
• Decide if you will have a single provider or
  multiple providers
• Decide what features you will include in your
  Written Plan Document
• If issuing a RFP, decide which providers you will
  send a RFP
• Create and send RFP (allow 30 to 60 days)

• Review responses from RFP
• Decide the provider(s) that will be included in
  your Written Plan Document
• Notify the provider(s) who will be a provider for
  your school district

• Create and adopt your Written Plan Document
• Implement new 403(b) plan under your Written Plan
  Document
• Notify participants of the changes to their
  403(b) plan
• Enrollment of participants in the new 403(b) plan

1/1/09 DEADLINE