If you have allocated funds in your 403(b) or 401(k) Retirement Savings Account in the stable value account, also known as FISA, the interest rate has changed as of April 1, 2013. The rates for these funds change every year. As of April 1 the interest rate is 3% for 403(b) accounts and 3.5% for 401(k) accounts.
In case you were wondering the 403(b) plan applies to those in the health system who work for not-for-profit entities (which is the majority) and the 401(k) plan applies to those who work for our profit entities.
Check out to see if you are investing wisely for your retirement, contact a MetLife representative today by calling 800-543-2520 or visit mlr.metlife.com.
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