I’d like to think that the terrible 403(b) choices at most public institutions are the result of HR managers not knowing better and not due to poor negotiating skills, or, worse yet, malfeasance.
Either way, something nefarious (or at least negligent) seems to be going on. HR departments should see it as their duty to make sure that the 403(bastards) are not taking advantage of their employees, most of whom are not money savvy. The employees shouldn’t be thrown to the jaws of the 403(bastards). Some institutions have seen the light and at least offer plans that are 403(bad ass). But that seems to be unusual. [Read more…] about 403(b) – The “b” stands for bastards