403(b) plans (BenefitsLink.com)Headlines re 403(b) plans, gathered by BenefitsLink.comEBSA Studying 403(b) Orphan Contract Problem; Link to Recorded Webcast- (Found July 5, 2008 ) Excerpt: "A top Department of Labor (DoL) benefits regulator on Thursday revealed that the agency is studying ways to help 403(b) plan sponsors better deal with the difficult problem of getting an exact accounting of their orphan contracts." (PLANSPONSOR.com)http://www.plansponsor.com/pi_type10/?RECORD_ID=41425 Lawsuit Claims Fraud in West Virginia Teacher 403(b) Plan- (Found July 5, 2008 ) Excerpt: "The lawsuit targets an investment option known as a VALIC annuity that was offered to enrollees in the Teachers' Defined Contribution plan. The plan allows members to manage investments to generate future retirement benefits. Enrollees claim they were duped into selecting the VALIC annuity." (RedOrbit.com)http://www.redorbit.com/news/business/1389922/lawsuit_claims_fraud_in_teacher_retirement_p... Abstract- (Found July 5, 2008 ) Excerpt: "This paper assesses the efficiency and performance of 401(k) investment options offered by a large group of US employers. We show that the majority of plans is efficient compared to market benchmark indexes. Three performance measures underscore the fact that these plans tend to offer a sensible investment menu . . . ." (University of Michigan Retirement Research Center)http://www.mrrc.isr.umich.edu/publications/index_abstract.cfm?ptid=1&pid=567 Guidance Overview New Rules for 403(b) Arrangements (PDF)- (Found July 5, 2008 ) 8 pages. Excerpt: "These developments affect sponsors of and participants in ERISA and non-ERISA 403(b) arrangements." (Prudential Retirement)http://www.prudential.com/media/managed/403(b)Regs-PA-0608.pdf |