The National Tax Sheltered Accounts Association (NTSAA) and the American Society of Pension Professionals & Actuaries (ASPPA) want to make it easier for 403(b) participants to compare retirement plan options.
The organizations are creating a task force focused on creating national fee and services disclosure standards to increase transparency within the 403(b) market. The model disclosure form will provide public school employees with simplified information about the services and fees associated with their retirement plan options.
The task force also includes the National Education Association (NEA), the Association of School Business Officials, International (ASBO INTL), and NTSAA members with diversity of industry experience.
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