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| | ERSA 2.0 and the 403(b) [Fool.com] February 10, 2004 |
 | | It was reasoned that ERSA would force employers to become more of a fiduciary, which might in turn lead to better investment offerings and better education. |
 | | The plan for ERSA, now as it was then, would consolidate 401(k)s, SIMPLE 401(k)s, 403(b)s, governmental 457(b)s, SARSEPs and Simple IRAs into a single type of plan to be known as the ERSA. |
 | | Already the American Society of Pension Actuaries is suggesting "with respect to the ERSA proposal, that [the Treasury Department] consider retaining the 401(k) name since it has significant public brand recognition." Suggestions do not bode well for the interests of schools and non-profit employees. |
| www.fool.com /investing/ira/2004/02/10/ersa-20-and-the-403b.aspx (659 words) |
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