New article: 403(b) Plan Design and Compliance (Posted on December 6, 2023 by )


A new article, Section 403(b) Plan Design and Compliance, discusses the rules that apply when eligible tax-exempt organizations establish tax-sheltered annuities, custodial accounts, or retirement income accounts, as described in Section 403(b) of the Internal Revenue Code (403(b) plans).

This article addresses the following topics:

  • 403(b) Plan Overview
  • Eligible Employers and Employee>
  • ERISA Coverage of 403(b) Plans
  • Qualification Requirements
  • 403(b) Plan Contributions
  • 403(b) Plan Distributions
  • Implementation and Operation
  • Correcting 403(b) Plan Errors
  • Terminating 403(b) Plans
  • EP Subcommittee Report: 403(b) Plan Issues and Recommendations
  • Advantages and Disadvantages of 403(b) Plans

Read more.