Helping Nonprofits Ease Into Daunting New Reporting Requirements

“For the first time, ERISA 403(b) plan sponsors will face the same financial reporting and auditing requirements as 401(k) plans,” said Aaron Friedman, national non-profit practice leader for The Principal®. “We’re helping them ease into the hefty new reporting requirements by providing financial data and reports a year in advance along with user friendly directions. They will have a clear picture of what data they will need to collect and how to report it when the time comes.”