Topic
403(b) Plans
130 published works
Benefit Notes
Time is Running out for 403(b) Plan Sponsors to Meet March 31, 2020 Adoption Deadline
Employers sponsoring 403(b) plans should be aware that we are nearing the deadline for adopting a pre-approved 403(b) plan that provides relief for any documentary noncompliance back to January 1,…
Benefits Law Update
403(b) Plans Must Comply with the “Once In, Always In” Rule This Year
By Eric Altholz, SamuelBaldwin@www.employeebenefitsupdate.com
Tax-exempt employers whose 403(b) plans have failed to comply with the “once in, always in” eligibility rule in the past should be well on their way to compliance by now. …
The Business of Benefits
Dealing With the Legacy of the 403(b) “Money Purchase” Plan
By Robert Toth
It is a very common practice in the 403(b) market for an employer to specifically identify the percentage of compensation it will deposit as an employer contribution to their 403(b)…
The Business of Benefits
Sweeping 403(b) Changes in Portman-Cardin Legislation Leaves Unanswered Questions
By Robert Toth
The Portman-Cardin Bill, the "Retirement Security and Savings Act of 2019," introduces sweeping changes to 403(b) plans by expanding their investment universe. These changes, however, also required modification to the…
Compensation & Benefits Blog
A Good 403(b) or a Bad 403(b)? A Question IRS Auditors Look to Answer
In each case, the answer depends on whether the document and operation are in compliance with the many technical requirements for section 403(b) plans. IRS officials have recently indicated that…
Not For Profit/Exempt Organizations Blog
A Good 403(b) or a Bad 403(b)? A Question IRS Auditors Look to Answer
For a discussion of section 403(b) plan compliance, please see the post on Proskauer's Employee Benefits & Executive Compensation Blog.
Wills, Trusts & Estates Prof Blog
For Tax-Exempt Employers: 403(b) Retirement Plan Compliance Opportunity
Tax-exempt employers have until March 31, 2020 - the “Remedial Amendment Period” (RAP) - to retro-actively self-correct compliance issues with their 403(b) plan documents. Though this date may seem a…
Healthcare Law Blog
For Tax-Exempt Employers: 403(b) Retirement Plan Compliance Opportunity
By Martin Smith, Tamar Rosenberg
Tax-exempt employers have a special opportunity to fix compliance concerns with their 403(b) retirement plans. They have through March 31, 2020 – the “Remedial Amendment Period” (RAP) – to retroactively…
Labor & Employment Law Blog
For Tax-Exempt Employers: 403(b) Retirement Plan Compliance Opportunity
By Tamar Rosenberg, Martin Smith
Tax-exempt employers have a special opportunity to fix compliance concerns with their 403(b) retirement plans. They have through March 31, 2020 – the “Remedial Amendment Period” (RAP) – to retroactively…
The Business of Benefits
The 403(b) Hardship Distribution Which is Not a Hardship Distribution Under the Proposed Regulations…..
By Robert Toth
One of the more curious results of the failure of the Bipartisan Budget Act of 2018 to amend 403(b)(11) to provide for the same hardship relief that was granted to…