Tuesday, July 10, 2007

 

Principal Financial Group to Ease Burden of Expected 403(b) Rule Changes

Not-for-profit organizations and public schools, colleges and universities that sponsor 403(b) plans are likely to face increased administrative responsibilities as a result of anticipated regulations to be issued by the Internal Revenue Service (IRS) this summer. The regulations are meant to bring some 403(b) plan rules in line with requirements for 401(k) and public 457(b) plans. The Principal Financial GroupĀ®, a total retirement solutions innovator, will be ready to help financial professionals and their clients through what is expected to be a challenging transition. In addition to providing support to help comply with the new requirements, The Principal has hired a renowned 403(b) expert to create an easy-to-understand review of the new regulations.

Principal Financial Group to Ease Burden of Expected 403(b) Rule Changes
Source: Business Wire

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