How to Change Investment Choices in Your 403(b) Retirement Plan

Your employer's 403(b) retirement account may not always offer the choices you want. Here are some ideas on how to change or add to your choices.

Difficulty: Moderate

Instructions

Things You'll Need:

• Signed petition

1. Decide on the investment choices (for example, fund families such as Fidelity, Vanguard, Janus and so on) you'd like added to your 403(b) account.

2. Contact the fund families you'd like to add, and enlist their help in identifying how they can be added - they'll be eager to furnish you with any information you need.

3. Speak with your employer's 403(b) plan administrator and inquire about adding new choices to the 403(b) plan.

4. Collect signatures from your colleagues to support the requested changes/additions.

5. Submit the signed petition to your plan administrator.

Tips & Warnings

• If your 403(b) choices are currently limited to TSAs (tax-sheltered annuities), take the initiative to expand the number of options available.
• You may save thousands of dollars in unnecessary compounding fees by investing directly with a mutual fund family.