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Monday, August 2, 2021

Great Variety of Investment Options that 403(b) Plans Bring to the Table

Based on the Investment Company Institute and BrightScope data, an average large 403(b) plan provided 27 core options. It’s implied that recognizing the importance of plan design and features that will help to attract and retain qualified workers is crucial for nonprofit employers sponsoring 403(b) plans.

According to a study from 2015, nearly all 403(b) plans included a great variety of investment options. For example, ninety percent of plans had fixed annuities, and over 90 percent offered target-date funds.

Majority of 403(b) plans included high percent of employer contributions, providing 8$ billion in total, which is good for future savings.

The rest of an average plan menu consisted of mutual funds and variable annuities. Read the full article here.

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