The IRS has published model plan language that may be used by public school employers to satisfy the written document requirement or as an amendment to its current plan document. You can find this model language at irs.gov/retirement.
All other organizations can seek outside assistance regarding a plan document from a third-party administrator or pension specialist. T. Rowe Price will not be offering a
We have created an Information Sharing and Services Agreement, which includes a list of services provided by T. Rowe Price. It is important that you review this list to determine whether it meets your plan's requirements. T. Rowe Price will not need to review your organization's plan document.
The T. Rowe Price Information Sharing and Services Agreement includes provisions for information sharing. Completion of this document is required in order for a 403(b) plan sponsor to make available the T. Rowe Price funds as investment options. We will not sign other information sharing agreements.
T. Rowe Price will make available the Plan Sponsor Web site at no cost to you. This information-sharing tool will help plan sponsors satisfy requirements for sharing participant information between your organization and T. Rowe Price.
By completing the T. Rowe Price Information Sharing and Services Agreement, plan sponsors provide T. Rowe Price a list of the annuity contract and/or custodial account providers that are: (a) receiving contributions as part of the 403(b) plan, or (b) have an information sharing agreement with the Plan. Plan sponsors must also promptly notify T. Rowe Price if there are any changes to the approved vendor information.
When we receive a completed Information Sharing and Services Agreement, we will be able to exchange assets to and from your plan's approved vendors.
Visit the Internal Revenue Service Web page for more information about the 403(b) regulations.
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