Now is the time for advisors to seek out those providers that will remain actively committed to the 403(b) and 457 markets and can also bring the expertise necessary to continue servicing these plans.

Symetra Financial recognizes the continued importance of this market, and has formed a new distribution channel – led by Scott Bartholomaus and Joanne Henderson – that is specifically focused on the channel’s unique needs and opportunities.

Bartholomaus joined the company in 1984 and has since held a variety of roles including manager of the Tax Sheltered Accounts department handling 403(b) and 457 plans and vice president of the Retirement Services division. Scott has moved to the sales and distribution side of business as the 403(b)/457 executive vice president.

Henderson joined Symetra in 1978 and has been in the retirement plans market ever since. Joanne was instrumental in the development of the National Tax Sheltered Accounts Association (NTSAA) and has served on the board of directors and as president of the association. She is recognized nationwide in the industry for her knowledge and expertise.

Still an opportunity
With nearly $700 billion in assets¹, the 403(b) market, while in flux, still represents an important opportunity for benefits professionals.

The new IRS guidelines are intended to bring 403(b) plans closer in line with their 401(k) cousins, requiring much more involvement and oversight by plan sponsors. As the 403(b) market continues to evolve, helping employers adapt to their new responsibilities and ensuring a smooth transition will be the key to preserving benefits business at educational and nonprofit organizations.

Working with a provider like Symetra, with extensive expertise in both the 403(b) and 401(k) markets, can be a big help in ensuring a smooth transition for your current and future clients.

For more information about Symetra’s retirement plans, visit our web site, or contact our Sales Center at invest@symetra.com or 1-800-706-0700.