Retirement — Gov & Nonprofit
About this plan
When 403(b) plan participants have assets at former service providers, NBS gives plan sponsors and preferred vendors the operational expertise to keep the entire plan compliant. With over 20 years of legacy-asset experience and information-sharing agreements with 95+ legacy 403(b) providers, NBS aggregates data, coordinates participant transactions, and consolidates reporting — eliminating plan-sponsor involvement in day-to-day legacy administration.
What's Included
For Employers
If your 403(b) plan has participant balances spread across former recordkeepers, you are still responsible for compliance — loan limits, hardship coordination, QDRO processing, beneficiary administration, force-outs, the 5500, and the audit. NBS takes that work end-to-end. We have direct contracts with 95+ legacy providers, pull data nightly, and give your preferred vendor a single integrated view, so you do not have to chase former providers or stitch records together yourself.
For Participants
Even if some of your retirement balance lives with a former provider, your plan is administered as one. NBS coordinates loans, hardships, distributions, and required minimum distributions across every account — and your loan limits are calculated correctly across all of them — so requests are processed accurately and you see a consolidated view of what you have.
NBS administers more than Legacy Asset Management
Many employers use NBS across multiple benefit types — consolidating administration simplifies vendor management and gives your employees a consistent experience. You may also benefit from these other services we administer.
