403(b)wise
2. Take actionEducation + Advocacy
Employers need to consider how their employees are going to learn about the workings of the 403(b).
Historically, plan education has been limited to sales pitches by vendor representatives. That's no way to learn about something as important as a retirement plan. Employers should provide objective plan information. This can be web-based and/or through presentations by individuals and groups who do not sell product. Savvy employers should price the cost of education into the plan. See how one school district provides web-based objective plan information to its employees.
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