PLANADVISER - January/February 2018 - 10

data points
403(b)s: Similar but Different
M
uch has been made over the
last few years about how
403(b) plans compare with
other types of defined contribution
(DC) plans, including 401(k)s,
457s, money purchase plans, profitsharing
plans, employee stock ownership
plans (ESOPs) and nonqualified
deferred compensation (NQDC) plans.
In many ways, 403(b)s are similar to
other types of DC plans. However, as
revealed in the " 2018 PLANSPONSOR
Defined Contribution Industry Report
- 403(b) Plans, " there are some areas of
striking contrast.
403(b)s, offered by nonprofits,
educational institutions, hospitals
and other such organizations, have
an average participation rate somewhat
similar to that of other DC plans:
71% vs. 79%, respectively. But there
is a stark difference between average
balance in 403(b) plans ($56,730) and
401(k) plans ($97,903). This could be
somewhat linked to the fact that 29%
of 403(b) plan sponsors also offer
defined benefit (DB) plans, compared
with only 19% of DC plans overall.
When it comes to loan provisions,
403(b) plans are slightly less likely to
have one, with 76% offering this feature
and 79% of all DC plans doing so.
-Lee Barney
What Is the Participation
Rate in Your Plan?
Does the Plan Include a Loan Provision?
n Yes n No n Unsure
79% 76%
1%
All industries
What Is the Average Loan
Balance for Participants
With Outstanding Loans?
19%
For instance, compared with others, these plans are less apt to offer loans
22%
2%
403(b) plans
What Is the Average
Participant Account Balance?
$10,189
All industries
$97,903
All industries
$7,233
403(b) plans
$56,730
403(b) plans
Does Your Plan Allow Separated Employees to Continue
To Make Loan Payments After Termination?
n Yes n No n Unsure
62%
79%
71%
All industries
403(b) plans
All industries
Source: " 2018 PLANSPONSOR Defined Contribution Plan Industry Report: 403(b) Plans "
26%
12%
403(b) plans
18%
49%
33%
10 | planadviser.com january-february 2018

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PLANADVISER - January/February 2018

Table of Contents for the Digital Edition of PLANADVISER - January/February 2018

Big Ideas
2018 PLANADVISER Top 100 Retirement Plan Advisers
2018 PLANADVISER Micro Plan Survey
Value Added
The Magic of Local Events
Warming to ESG
HSAs in Retirement Planning
PLANADVISER - January/February 2018 - Cover1
PLANADVISER - January/February 2018 - Cover2
PLANADVISER - January/February 2018 - 1
PLANADVISER - January/February 2018 - 2
PLANADVISER - January/February 2018 - 3
PLANADVISER - January/February 2018 - 4
PLANADVISER - January/February 2018 - 5
PLANADVISER - January/February 2018 - 6
PLANADVISER - January/February 2018 - 7
PLANADVISER - January/February 2018 - 8
PLANADVISER - January/February 2018 - 9
PLANADVISER - January/February 2018 - 10
PLANADVISER - January/February 2018 - 11
PLANADVISER - January/February 2018 - 12
PLANADVISER - January/February 2018 - 13
PLANADVISER - January/February 2018 - 14
PLANADVISER - January/February 2018 - 15
PLANADVISER - January/February 2018 - 16
PLANADVISER - January/February 2018 - 17
PLANADVISER - January/February 2018 - Big Ideas
PLANADVISER - January/February 2018 - 19
PLANADVISER - January/February 2018 - 20
PLANADVISER - January/February 2018 - 21
PLANADVISER - January/February 2018 - 2018 PLANADVISER Top 100 Retirement Plan Advisers
PLANADVISER - January/February 2018 - 23
PLANADVISER - January/February 2018 - 24
PLANADVISER - January/February 2018 - 25
PLANADVISER - January/February 2018 - 26
PLANADVISER - January/February 2018 - 27
PLANADVISER - January/February 2018 - 28
PLANADVISER - January/February 2018 - 29
PLANADVISER - January/February 2018 - 2018 PLANADVISER Micro Plan Survey
PLANADVISER - January/February 2018 - 31
PLANADVISER - January/February 2018 - 32
PLANADVISER - January/February 2018 - 33
PLANADVISER - January/February 2018 - 34
PLANADVISER - January/February 2018 - 35
PLANADVISER - January/February 2018 - 36
PLANADVISER - January/February 2018 - 37
PLANADVISER - January/February 2018 - Value Added
PLANADVISER - January/February 2018 - 39
PLANADVISER - January/February 2018 - The Magic of Local Events
PLANADVISER - January/February 2018 - 41
PLANADVISER - January/February 2018 - Warming to ESG
PLANADVISER - January/February 2018 - 43
PLANADVISER - January/February 2018 - HSAs in Retirement Planning
PLANADVISER - January/February 2018 - 45
PLANADVISER - January/February 2018 - 46
PLANADVISER - January/February 2018 - 47
PLANADVISER - January/February 2018 - 48
PLANADVISER - January/February 2018 - Cover3
PLANADVISER - January/February 2018 - Cover4
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