The article reports that the Final Internal Revenue Service (IRS) 403(b) plan rules will impose a new requirement on employers to maintain a written plan document as well as offer the plans to more emp...
Under the Section 403(b) Regulations, an employer is permitted to terminate its Section 403(b) plan and distribute the accumulated benefits only if the employer makes no contributions to any Section 403(b) contract that is not part of the terminated Section 403(b) plan for twelve months ...
This section presents a summary of the article IRS Proposes a Major Revision of the Regulations Governing Section 403(b) Plans, by Stanley D. Baum, which appeared in the April 2005 issue of Journal of Taxation. On November 16, 2004, the U.S. Internal Revenue Service released proposed regul...
The article explains the final regulations under Tax Sheltered Annuities and how expert planning can maximize retirement savings in the U.S. Code Section 403(b) plans are unique retirement arrangements for employees of tax-exempt organizations and public schools. The main concern of the regulation ...
Today's guidance also gives 403(b) plan sponsors until June 30, 2020 to update their pre-approved and individually designed 403(b) plan documents. The full text of the IRS announcement isposted below and here. Deadlines Extended for 403(b) Plans and Pre-Approved Defin...
The IRS recently issued proposed and final regulations on Roth contributions to 401(k) and 403(b) plans. The final regulations provide guidance on the election and recordkeeping of Roth contributions. The proposed regulations provide gui... David,N.,Levine - 《Journal of Taxation of Investments...
IRS Approves Consolidation Plan Document for ...403(b) Plan.Reports on the United States Internal Revenue Service's approval of a Code 501(c)(3) tax-exempt charity's consolidated retirement plan document, which was designed to qualify under 403(b). Requirements for 403(b) plans under Title...
Provides information on the plan by the Internal Revenue Service to increase oversight of 403(b) plans. Remarks by Robert Architect, quality control officer in the rulings branch of employee plans, technical and actuarial division; Concern for National Tax-Sheltered Annuity Association; Attitude of...
Deadline for Filing IRS Modifies 403(b) Pre-Approved Plan Program, Extends Deadline for FilingIRS Modifies 403(b) Pre-Approved Plan Program, Extends Deadline for FilingElizabeth Thomas Dold
The 403(b) plan is a tax-advantaged retirement savings account, similar to a 401(k) plan. It is designed for certain employees of public schools and other tax-exempt organizations.1 Contributions for a 403(b) plan are generally reported in an employee'sW-2by the employer and do not nee...