403(b) Advisory Services

With the release of the final 403(b) regulations by the Internal Revenue Service (IRS) in 2007, 403(b) plan sponsors must now operate their plans in an environment characterized by heightened fiduciary scrutiny. The best practices adopted by 401(k) plan sponsors and their respective fiduciaries represent the model for 403(b) plan sponsors moving forward.

Many institutions now find themselves grappling with their 403(b) audit and its aftermath. Best practices in forming a 403(b) committee and addressing fiduciary responsibilities are being considered, in some instances, for the first time.  In addition, the 403(b) investment, vendor, and recordkeeping marketplace is literally evolving daily.

FIA has been assisting non-profit organizations such as colleges, universities, independent schools, hospitals, religious organizations, and community-based organizations for many years.  We provide guidance on issues ranging from committee education to structuring committee charters and investment policy statements to redesigning fund menus with the leading 403(b) providers, including TIAA-CREF, Fidelity, Transamerica, Vanguard, and others.

In crafting these customized solutions, FIA and its consultants draw on their 20 years of serving sponsors of defined contribution plans. In this continuously evolving 403(b) services marketplace, FIA has the knowledge and experience to cut through the confusion. We look forward to the opportunity to speak with you.

Our Core 403(b) Consulting Services Include:

  • Managing Fiduciary Risk
  • Committee Charter Development and Review
  • Investment Policy Statement Development and Review
  • Fund Menu Design
  • QDIA Selection/Review
  • Peer/Industry Benchmarking
  • Total Plan Cost Analysis/Full Fee Disclosure
  • Ongoing Performance Monitoring
  • Plan Vendor Evaluation/Search
  • Employee Communication & Education Assistance
  • Fiduciary Training
  • Client Record Retention Portal