The US Internal Revenue Service (IRS) recently issued Revenue Procedure 2022-40 to expand the IRS’s determination letter program to include individually designed 403(b) plans. Previously, the IRS’s determination letter...more
The Internal Revenue Service (IRS) issued an important reminder of the unique application of the limit under Internal Revenue Code (IRC) Section 415(c) to 403(b) plans on August 20, 2021. The IRS’s “Issue Snapshot”...more
Notice 2020-68 from the Internal Revenue Service provides clarifications for sponsors and administrators of 401(k) plans and other qualified retirement plans, 403(b) plans, and 457(b) governmental plans on certain provisions...more
10/6/2020
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Defined Benefit Plans ,
Distribution Rules ,
Employee Benefits ,
IRS ,
Multi-Employer Pensions ,
Popular ,
Retirement Plan ,
SECURE Act
The IRS has extended the last day of the Initial Remedial Amendment Period for Section 403(b) plans from March 31, 2020 to June 30, 2020....more
With the March 31 deadline to correct form defects in plan documents under the Initial Remedial Amendment Period fast approaching, employers now have less than two months to ensure that their 403(b) plans are in compliance...more
2/13/2020
/ 403(b) Plans ,
Cooperative Compliance Regime ,
Employee Benefits ,
EPCRS ,
Hardship Distributions ,
Internal Revenue Code (IRC) ,
IRS ,
Plan Documents ,
Remedial Actions ,
Retirement Plan ,
Tax Code