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403(b) Plans
Our Approach: NBS understands the needs and demands of educational, governmental, and non-profit employers. NBS recognizes that each individual school district, university, non-profit, church, or governmental agency has specific and unique objectives that require an administration strategy tailored to the employer’s circumstances and employee needs. NBS’ philosophy of Customer Care stresses the importance of creating solutions with our client partner. We maintain an administrative team specialized in plans of governmental employers including 403(b), 457, 401(a), FICA Alternative, and GASB 43/45 plans with particular emphasis in 403(b).
Portions of the new IRS 403(b) regulations are already in effect and compliance with all regulations is required by January 1, 2009. Is your organization ready? NBS has helped employers navigate the 403(b) compliance environment since 2002. We will work with your organization to ensure your 403(b) plan is compliant with the law, operates in the best interest of your employees, and meets your objectives.
Our Services:
 Plan design consultation
Preparation of Plan documents
Compliance testing
Limit testing (including required plan coordination)
Completion of annual Form 5500 and all related schedules
Reporting to plan sponsor
Administrative support for plan sponsors and fiduciaries
Assistance in ongoing compliance with pension law
Web site, Forms, Presentations, etc.
Hold Harmless Agreement and Information Sharing Agreement management
Multiple vendor transaction monitoring and approval
Salary reduction agreement management
Common remittance
Administration of investment platform
Education and communication support
NBS currently works with hundreds of public school districts, universities, governmental agencies, community colleges, churches, hospitals, 501 (c) (3) organizations, and departments of education—over 140,000 plan participants and nearly a half million eligible participants.
Click here to find plan-specific information at the 403(b) Plan Information Portal.
Click here to learn more about choices for 403(b) plan sponsors.
Our People: NBS has a team specifically dedicated to serving government, education, and not for profit employers. Most of our administrators are members of the American Society of Pension Professionals & Actuaries (ASPPA), and have attained the Qualified 401(k) Administrator (QKA) credential conferred by ASPPA.
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