Topic
403(b) Plans
130 published works
The Business of Benefits
403(b) and the “Democratization” of Its Investments
By Robert Toth
403(b) plans and lifetime income programs suffer a similar malady: both sorts of arrangements operate in a sort of “exception” environment, where they rely upon atypical application of the standardized…
The Benefit of Benefits
IRS Issues Guidance On Long-Term, Part-Time Employees In 403(b) Plans
By Scott E. Galbreath, J.D., LL.M (Tax)
On October 3, 2024, the IRS issued guidance on applying the Long-Term, Part-Time Employee (LTPT) rules to 403(b) plans beginning in 2025, as enacted in the legislation known as SECURE…
Compensation & Benefits Blog
Reminder: Is Your Individually Designed 403(b) Plan Eligible for a Determination Letter?
By Jesse T. Foley, Katrina McCann
Plan sponsors of Code Section 403(b) tax-sheltered annuity plans (“403(b) plans”) that have not already done so may want to consider applying for an IRS determination letter or planning and…
Employee Benefits
IRS Issues Guidance on Secure 2.0 – What Plan Sponsors Need to Know
In late December 2023, approximately one year after Congress enacted the Setting Every Community Up for Retirement Enhancement Act of 2022 (“SECURE 2.0”), the Internal Revenue Service (the “IRS”) released…
The Business of Benefits
Two Seemingly Oblique, But Valuable, 2.0 403(b) Gems
By Robert Toth
The IRS’s 2007 403(b) regulations fundamentally altered the 403(b) marketplace. The imposition by of those regulations of greater responsibility on 403(b) plan sponsors for maintaining the continued tax favored status…
The Business of Benefits
The Key Role of the Quirky 403(b) “Master Custodial Agreement”
By Robert Toth
Many practitioners will point to the 2007 403(b) regs (the "new regs" as many of us often still call them, 16 years later...) as being a real seminal moment in…
The Business of Benefits
The 403(b) CIT and the 12 Month Put
By Robert Toth
One of the inevitable results of Congress's failure to cobble together some sort of compromise on what the most suitable "Securities Fix" would be for the 403(b) CIT is a…
Hall Benefits Law Blog
7th Circuit Poised to Revive Northwestern ERISA Suit
By Anne Hall
The U.S. Court of Appeals for the Seventh Circuit appeared receptive to reviving an ERISA class action suit against Northwestern University, claiming mismanagement of the workers’ 403(b) plan, albeit on…
Compensation & Benefits Blog
SECURE 2.0 Brings Significant Changes for 403(b) Plans
As part of our continuing series on SECURE 2.0, signed into law December 29, 2022, this post focuses on significant changes for section 403(b) tax-sheltered annuity plans (“403(b) plans”). 403(b)…
Compensation & Benefits Blog
IRS Opens Determination Letter Program to Individually Designed 403(b) Plans
By Seth Safra, Katrina McCann, Jesse T. Foley
On October 21st, the IRS announced changes to its qualified plan determination letter program. Most notably, the program has been expanded to include section 403(b) tax-sheltered annuity plans (“403(b) plans”).…