Of all the fallout from the new IRS 403(b) regulations, probably the most important and pressing decision the regulations created for not-for-profit plan sponsors is how many active service provider relationships they want to have. The argument has been framed as a choice between exclusive single vendor relationships versus multiple vendor relationships. While plan sponsors struggle over this decision and examine the relative merits of both arrangements, plan providers are actively lobbying for an outcome that aligns best with their own solutions.


