Hi all,
My employer only offers TIAA-CREF as the investment carrier for our 403(b) plan, along with their >0.4% expense ratios. I have an opportunity to put forth a proposal to request that my employer offer Vanguard (or possibly Fidelity) as a second carrier. What are the implications for an employer to do this? Are there any financial implications, or is it entirely about training their HR staff to handle a second option?
On a related note, we only have FSAs through our employer and one, low-deductible PPO health plan. How would I go about making an analogous argument for them to offer a HSA?
I'm certainly privy to the mustachian advantages to having these savings options. I have no clue what the employer end looks like, and need to understand it in order to make a solid argument.
Thanks in advance!