Benchmarking Survey to Identify 403(b) Plan Best Practices
Participants to receive free copy of results from third 403(b) Plan Survey
February 14, 2011 (Des Moines, IA) - Millions of people are saving for their futures in 403(b) retirement plans sponsored by non-profit organizations and public schools, colleges and universities. Those non-profit plans have endured dramatic regulatory changes along with a painful economy.
To bring these organizations the essential information they need, the Profit Sharing/401k Council of America (PSCA) and Principal Financial Group® announce the third PSCA 403(b) Plan Survey.
Non-profit organizations that participate in the survey will receive a free copy of the results.
“This is invaluable information that these non-profit organizations need in order to compare their plans to others across the nation,” said David Wray, president of PSCA. “Our surveys are the only ones that provide this kind of detailed information on 403(b) plans. The more sponsors who participate, the richer the benchmarking information.”
The survey, at www.psca.org/403b/survey, will take less 15 minutes to complete and must be submitted by March 11, 2011. The results will be available in May and will provide valuable benchmarking data on:
- Plan education
- Investment options
- Participation
- Organization and participant contributions
- Administration practices
- And more, including new questions on items such as 403(b) plan audits
An opportunity for financial professionals and third party administrators
Financial professionals and third party administrators can help their clients access this valuable benchmarking data by encouraging them to participate in the survey.
“Financial professionals and third party administrators can build relationships and add value by notifying their 403(b) clients of this opportunity to receive free third-party research,” said Aaron Friedman, national non-profit practice leader, The Principal®. “When the results are available, financial professionals can meet with clients who completed the survey and help them benchmark. This could provide an opportunity to make recommendations.”
For questions on the survey, or to request hard copies of the survey questionnaire, please contact PSCA at research@psca.org.
About PSCA
PSCA, a national non-profit association of 1,200 companies and their 6 million employees, advocates increased retirement security through defined contribution programs to federal policymakers and makes practical assistance with plan design, administration, investment, compliance, and communication available to its members. PSCA conducts unbiased, comprehensive research on defined contribution plan practices and releases trend data and best-practice information to policymakers and plan sponsors. Follow PSCA at: http://twitter.com/PSCA401k.
Profit Sharing/401k Council of America is not an affiliate of any member of the Principal Financial Group.
For more news and insights from The Principal, connect with us on Twitter at: http://twitter.com/ThePrincipal.
About the Principal Financial Group
The Principal Financial Group® (The Principal ®)[1] is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $318.8 billion in assets under management[2] and serves some 19.1 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG.
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