Many K-12 public school systems and other not-for-profit organizations allow their employees to contribute to a Section 403(b) or 403(b) (7) retirement plan through payroll deduction. These employees' plans contributions must be forwarded to each active investment provider.
Without Bay Bridge's help, you may have to maintain separate records for each investment provider and write a separate monthly check to each one. We can relieve you of that burden. Using our common remitting service, you will only write one monthly check - to Bay Bridge. We will forward all employee and employer (if any) contributions to each of the respective plan vendors.
Section 403(b) plans are likely not your area of expertise, so let Bay Bridge handle those compliance and reporting requirements for you. We will prepare all required IRS reports and will ensure your compliance with current and future regulations.