FAQs for Employers

1. Complete the T. Rowe Price 403(b) Information Sharing and Services Agreement and return it to T. Rowe Price.
2. Once you have received your plan Operator ID and password, log in to Plan Sponsor Web (PSW) to begin online administration of your plan.
3. Announce the plan to your employees or add T. Rowe Price to your list of approved investment providers.

T. Rowe Price will provide a complete and accurate response to your RFP. We ask that you submit your RFP at least 2-3 weeks prior to the requested due date. Please use the following methods for submission:

1. Click here for the 403b RFP Submission Tool
   
2. For Regular Delivery:
   T. Rowe Price
   P.O. Box 17479
   Baltimore, MD 21297-1479
3. For Overnight or Courier Delivery:
   T. Rowe Price
   Mail Code 17479
   4515 Painters Mill Road
   Owings Mills, MD 21117-4903

1. You can request 403(b) employee kits from T. Rowe Price to distribute to your employees, or employees may call T. Rowe Price directly at 1-800-492-7670 to order a 403(b) kit.
2. Each employee completes the 403(b)(7) Custodial Account Application, keeps a copy for his or her files, and provides the original to you. You use the application to set up the account on Plan Sponsor Web.

To help you fulfill your information sharing obligations, T. Rowe Price makes Plan Sponsor Web available 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.

1. Your payroll department should withhold each participant’s salary in accordance with the salary reduction agreement in the 403(b)(7) Custodial Account Agreement (or you can use an employer-designed form).
2. Use the Plan Sponsor Web site to submit contributions. Contributions can be funded by check or electronically by Automated Clearing House. In general, contributions must be submitted as soon as they can be segregated from the business assets, but no later than 15 days following the month they were deducted.
3. A confirmation of plan contributions will be available on the Plan Sponsor Web site after each contribution has been processed.

1. A participant can change his or her address, investment choices, and beneficiary information by submitting an updated 403(b)(7) Custodial Account Application to you, or by contacting a T. Rowe Price Client Services Representative at 1-800-492-7670.
2. Changes to salary deferral amounts are communicated directly to you using the 403(b)(7) Custodial Account Application (or your own salary reduction election form).
3. You can use Plan Sponsor Web to update address information, investment choices, and beneficiary information.
4. For investment allocation changes, participants can call us at 1-800-492-7670 or access their own account via rps.troweprice.com.

There is no cost to set up the 403(b) plan. A $10 administrative fee is charged for each T. Rowe Price mutual fund in an employee’s 403(b) account. The fee is waived for any mutual fund account with a balance of $5,000 or more, for individuals with $50,000 or more, or for households with $100,000 or more invested with T. Rowe Price. Assets held in a 529 plan, a plan that is part of the Century Program, or assets held in a plan that was/is recordkept in the Retirement Plan Services division of T. Rowe Price are not counted towards these limits. There is a closeout fee applied to 403(b) accounts that are closed at T. Rowe Price. The $10 fee will be deducted automatically from the proceeds of the redemption from each mutual fund unless, at the time of redemption, the employee has previously paid the annual administrative fee for the year. The closeout fee applies regardless of the size of the mutual fund investments.

Participants can call our toll-free number to request distribution paperwork. For ERISA plans, the employer must approve any distributions by signing the appropriate distribution form. Plan Sponsors must ensure that participant employment status is kept up to date on Plan Sponsor Web in order for T. Rowe Price to process distribution requests.

T. Rowe Price will update the 403(b)(7) Custodial Account Agreement as necessary. You are responsible for making sure the employer plan document is in compliance with any changes in the requirements that govern 403(b) arrangements.

• Plan sponsors must 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 ISA with the plan. Plan sponsors must also promptly notify T. Rowe Price if there are any changes to their approved vendor information by completing the T. Rowe Price 403(b) Vendor Form.
• Even though plan sponsors are required to list their approved vendors in their plan document, please do not send your entire plan document to T. Rowe Price when providing your vendor information. T. Rowe Price requests approved vendor information on the ISA. Be sure to include your approved vendor information on the ISA when you return it to T. Rowe Price.

When we receive your completed T. Rowe Price 403(b) Information Sharing and Services Agreement (ISA), we will be able to exchange assets to and from your plan’s approved vendors.

The initial contribution check should be made payable to T. Rowe Price Trust Company.

Send correspondence and the initial contribution check to:
T. Rowe Price Trust Company
Retirement Operations Group
P.O. Box 17479
Baltimore, MD 21297-1479