The Pension & Retirement Plan experts at The Legend Group stand ready to guide you through the transition period and beyond. We will continue to keep you informed as to your expanded responsibilities as an employer and, more importantly, to provide solutions to assist you in complying with the new requirements. Learn more about how Legend can help you:

• reduce your administrative burden
• set a timeline for complying with the new regulations, and
• ensure your plan remains in compliance on an ongoing basis

As a proactive vendor, Legend recognizes that your retirement account is an important component of your overall financial well-being, and we are working diligently to ensure that we remain an approved vendor with your employer.

§403(b) accountholders with vendors who fail to agree to supply the employer with compliance support and information may find that they must move their accounts to approved vendors. In addition, transfers or exchanges of assets to vendors with whom your employer does not have an exchange agreement could subject you to a tax liability. Learn more about what the §403(b) Final Regulations may mean for you.

Is your broker/dealer prepared to support your §403(b) business? While many currently approved vendors may not be able to communicate electronically with employers, Legend has refined the technological capabilities to accomplish all of the administrative and compliance tasks mandated by the final regulations. Learn more.

The NTSAA 2009 Compliance Problem Resolution Summit Task Force has promised the attendees of the 2009 Summit a copy (in PDF format) of the Best Practices Manual. This manual is the work product of that Summit and we are pleased to provide you with the link to the PDF. Please use the content which includes sample grids, worksheets, letters and other tools, for use by the §403(b) industry to adopt the best practices recommended there. Unquestionably, that action will contribute greatly to the smooth operation of §403(b) plans as employers continue their efforts to comply with the final §403(b) regulations and subsequent guidance.

The facilitators at the 2010 Summit have already begun planning to develop the recommended tools and best practices discussed during the 2010 Summit and will keep the industry apprised of the availability of the 2nd Edition of the Best Practices Manual, which will introduce new topics and recommend best practices from both conferences.

Thank you for your participation in the 2009 Summit. We sincerely hope that the Manual will aid you in your endeavor to assist the sponsors of §403(b) plans.

Click here to download the Best Practices Manual