Public-pension crunch could open 403(b) work for advisors

08/9/2013 |

Participation rates for 403(b) plans are much lower than for 401(k) plans, in part because 403(b) plans are more individual-oriented. Advisors could see more opportunities to work with 403(b) participants as governments shift away from pension plans, industry officials say. A challenge, however, is accessing employees who need advisors' help, says Chris DeGrassi, executive director of the National Tax Sheltered Accounts Association.

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