Topic
403(b) Plans
130 published works
Benefits Law Advisor
March 31st Deadline for 403(b) Plan Sponsors
March 31st Deadline for 403(b) Plan Sponsors If your organization sponsors a 403(b) plan for employees and has not adopted an up-to-date written plan document that complies with the applicable…
Beneficially Yours
Fix a Decade of Document Errors? Yes You Can!
Seyfarth Synopsis: In two months (on March 31, 2020), the window closes for 403(b) plan sponsors to take advantage of the unique opportunity to retroactively amend their 403(b) retirement plans…
Inside Jobs
2019 Required Amendments List Includes Change Affecting 403(b) Plans
By Julie Edmond
We recently wrote about Rev. Proc. 2019-39, which provides for remedial amendment periods for 403(b) plans and establishes deadlines for 403(b) plans to adopt discretionary amendments and amendments that correct…
Labor Days
Remedial Amendment Period for 403(b) Plans ending on March 31, 2020
By Richard S. Chargar, Pamela D. Kaplan, Victoria E. Anderson
March 31, 2020 is the deadline for retroactively correcting most 403(b) plan document defects that occurred on or after January 1, 2010. These defects can be corrected by amending an…
Employee Benefits
Time to Restate Your 403B Plan
The Internal Revenue Service set March 31, 2020 as the last date of the remedial amendment period for tax-exempt organizations and public school systems to self-correct plan document defects in…
Inside Jobs
IRS Announces Remedial Amendment Periods and Deadlines for Correction of 403(b) Plan Form Defects
By Julie Edmond
On September 30, 2019, the Internal Revenue Service issued Revenue Procedure 2019-39, which finalizes important changes to how sponsors and employers can ensure 403(b) plan compliance. The guidance is a…
The Business of Benefits
403(b)’s 15 year Long Service “Catch-Up” Is an “Attractive Nuisance” To Be Avoided in Plan Restatements
By Robert Toth
Code Section 402(g)(7) seems to have a gift for certain 403(b) plan sponsors (that is, for "qualified organizations, being educational organizations, hospitals, home health service agencies, health and welfare service…
Compensation & Benefits Blog
The Deadline for 403(b) Sponsors to Review Plan Documents for Compliance is Approaching
Section 403(b) plans must be maintained pursuant to a written plan document that meets detailed requirements set forth in IRS regulations. If a plan contains a defect as to form…
The Business of Benefits
A Common Misunderstanding of the “Student” 403b Exclusion Arises During Document Restatement Process
By Robert Toth
Those organizations which do take advantage of the Student FICA Exclusion are often well versed in its use, but that knowledge may or may not spill over into those responsible…
The Business of Benefits
The Enduring Value Rev Proc 2007-71 in Dealing With Legacy 403(b) Contracts…. and Should it be Updated?
By Robert Toth
It has now been a dozen years since the IRS issued Revenue Procedure 2007-71, which was written in response to the logistical difficulties which arose from the mammoth changes imposed…