COLLECTED WISDOM™ On 403(b) Plans

403(b) Plan Compliance Checklist - Summary: This is a checklist to help determine if your ERISA-covered 403(b) plan is in compliance, and where your exposure may lie in the event of an audit. Located at: Diversified Investment Advisors , November 2009. Click on headline to read full article.

IRS Publishes Sample 403(b) Prototype Document Language - Summary: The draft information package contains samples of plan provisions that satisfy certain specific requirements of the Internal Revenue Code applicable to section 403(b) plans, and as provided in Announcement 2009-34, interested persons are invited to submit comments to the IRS on the sample plan provisions. Located at: Plansponsor.com (free registration may be required), April 2009. Click on headline for full article.

403(b) Action Plan Workbook - Summary: To assist plan sponsors and financial advisers Benefit Plans Plus offers complementary 403(b) Action Plan Workbook to serve as in initial reference guide and information source to work toward IRS compliance. Located at: Benefits Plans Plus , December 2008. Click on headline for full article.

New Survey Fills the Gap in 403(b) Benchmarking Data - Summary: PSCA has released their 2008 403(b) Plan Survey. This new survey is the first of its kind, providing comprehensive information on 403(b) plan practices. Located at: 401khelpcenter.com, December 2008. Click on headline for full article.

403(b) Plans Technical Questions and Answers - Summary: The SPARK Institute received a significant number of questions regarding the Best Practices from companies that are actively developing systems to follow them. They have prepared this 403(b) Plans Technical Questions and Answers to address many of the quesitons. Located at: SPARK Institute, December 2008. Click on headline for full article.

403(b)/401k Comparison Chart - Summary: This is a chart that compares code §403(b) with code §401k plans. Located at: McKay Hochman, December 2008. Click on headline for full article.

403(b) Regulations: Understanding the Changes - Summary: This resource provides the 403(b) plan sponsor with a review of the new IRS regulations, answers to commonly asked questions and concerns, and a game plan for streamlining your compliance process. Located at: The Standard , September 2008. Click on headline for full article.

Fixing Your 403(b) Plan: Adopting a Best Practices Approach - Summary: The IRS has issued final 403(b) regulations, the first comprehensive guidance in 43 years. These new regulations offer an opportunity to create a better retirement plan for all by adopting a best practices approach. Located at: The Standard , September 2008. Click on headline for full article.

The New 403(b) Plan Documents and ERISA - Summary: The author says, "As we sit down and attempt to craft our new 403(b) plan documents to meet the January 1 deadline, that dreaded question of whether or not any particular 403(b) plan is subject to ERISA's Title I reach really comes home to roost." Located at: Benefits Biz Blog, August 2008. Click on headline for full article.

Final 403(b) Regulations -- How They Affect Plan Sponsors - Summary: Sponsors of 403(b) plans—typically school districts, higher education institutions, health care providers, and charitable organizations—will soon have increased responsibilities for overseeing investments, transfers, documentation, administration, and participants' disclosures. Located at: Vanguard, September 2008. Click on headline for full article.

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