The Internal Revenue Service issued new regulations last year which fundamentally changed the structure of the 403(b) plan (retirement plans for school and tax exempt employees). These new rules require insurance and mutual fund companies to exchange information with each other on a wholesale basis for the first time. Baker & Daniels has an interdisciplinary team, including our Benefits, Intellectual Property and Insurance and Financial Services groups, to assist leading financial service companies in addressing the challenges posed by these new requirements. In particular, our team is helping organize efforts to develop standardized information exchange protocols.