Category Archives: 403(b)

IRS Defines Salary Reduction Agreement for 403(b) Plans

The debate continues on whether the IRS requires 403(b) plans to be expressed on a written plan document. The latest statement from the IRS on this issue is contained in the new final regulations released today. With these Final Regulations, … Continue reading

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IRS Confirms March 31, 2008 as Target Date for Start of EGTRRA Restatements

The IRS published the Fall 2007 Edition of Employee Plan News today. Within this edition, the IRS confirms that the target date for issuing the EGTRRA opinion/advisory letters to pre-approved prototype and volume submitter plans is March 31, 2008. This … Continue reading

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Dept. of Labor Issues Final 403(b) Reg Guidance

The Dept. of Labor issued Field Assistance Bulletin No. 2007-02 (FAB 2007-02) on how the Final 403(b) Regulations affect the status of 403(b) tax-sheltered annuity programs. FAB 2007-02 provides a glimpse of the DOL’s expectations for the new plan document … Continue reading

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IRS Releases Summary of Final 403(b) Regs

In a special edition of Retirement News for Employers, the IRS provides a summary of the Final 403(b) Regs. One highlight of the summary is the statement that the Final 403(b) Regs also contain a provision not related to 403(b) … Continue reading

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IRS Issues 403(b) Final Regs

Today, the IRS released the Final 403(b) Regulations. Officially, the title is Final Regulations on Revised Regulations Concerning Section 403(b) Tax-Sheltered Annuity Contracts (T.D. 9340). (hat tip to BenefitsLink.com.) These regulations are effective July 26, 2007, and are generally applicable … Continue reading

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Waiting on 403(b)

Another day has come and gone with no 403(b) regs. If you’ve wondered why my posts have been a little light lately, it is due to the Final 403(b) Regs. Or I should say it is due to the absence … Continue reading

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