With a little cooperation, 403(b) retirement plans for educational and governmental workers can move even closer to resembling their 401(k) counterparts, become more streamlined and boost participation, but first, industry participants will need to agree on best practices for the plans that will help everyone speak the same language.

Prior to the new 403(b) rules that took effect in January, organizational practices were pretty rudimentary, said James Racine, assistant vice president for Lincoln Financial Group.

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