http://blog.principal.com/2012/11/09/everything-you-never-knew-about-403b-plans/ Investment management insights and commentary Tue, 21 May 2013 19:55:14 +0000 hourly 1 http://wordpress.org/?v=3.5.1 http://blog.principal.com/2012/11/09/everything-you-never-knew-about-403b-plans/comment-page-1/#comment-17 Aaron Friedman, National Practice Leader - Tax-Exempt, the Principal Financial Group, Princor Registered Representative Tue, 13 Nov 2012 16:37:46 +0000 http://blog.principal.com/?p=1143#comment-17 Hi Bob, thanks for the compliment! There are some details that aren’t clear to me in your question. If there are truly two different plans, one is frozen, and all participants under one are terminated and have individual annuities, it may be possible to terminate the plan, and deem the annuities fully paid and distributed. It may also be possible to merge the plans so that only one 5500 need be completed. There is not enough detail here to determine the best course of action. I recommend you work with your sales rep at The Principal® to review the details of the contracts and terms of the plans. Your sales rep can help navigate a solution.

]]> http://blog.principal.com/2012/11/09/everything-you-never-knew-about-403b-plans/comment-page-1/#comment-16 Bob Lockery Mon, 12 Nov 2012 19:29:50 +0000 http://blog.principal.com/?p=1143#comment-16 Great read. Agreed-a partnership with the advisor, TPA and provider is needed.
Question for you: A sponsor operates an ERISA 403b plan. Prior to adopting this plan individual annuities were used for employee savings and employer match. The employer is still filing a 5500- for only 3 terminated employees that have money in the plan. Active employees do not have money in this old plan. What else can we do other than that? Are they responsible for anything else?

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