Not-For-Profit Plans: Legislative Updates
A Not-For-Profit plan lets employees save for retirement by reducing current salary on a before-tax basis. It can be used with profit-sharing, money purchase, Defined Benefit, and Nonqualified plans.
We're committed to providing our clients with the expertise they need to understand and comply with the ever-changing industry regulations.
Keeping up with the regulations
Final regulations from the Treasury Department may have an impact on your
- Create a written plan document,
- Coordinate age-related and special
403(b)catch-up contributions, and
- Monitor the transfer of retirement funds among plan service providers
The rules were created to bring
Understanding what the new rules mean
- Plan Sponsor's Guide to the New Final
403(b)Regulations (PDF: 208 KB) - white paper.
- Understanding the Final
403(b)Regulations (PDF: 1.1 MB) - get a side by side comparison
- Practical Implications of the
403(b)Regulations (PDF: 97 KB) - understand how these regulations affect plan sponsors and actions they may consider taking.
403(b)interactive diagnostic tool - use an interactive tool understand what steps you may need to take to comply with the regulations.
NOTE: This diagnostic tool is intended to be used in conjunction with, not in lieu of, services provided by an employer's trusted legal advisors.
Not-for-profit organizations that sponsor
We're ready to help you and your financial professionals become better equipped to navigate this challenging transition. This interactive
Determining the status of your
- Determine the model that fits your
- Learn what actions can be taken to help ensure your retirement plan(s) is in compliance with the
- The Internal Revenue Service (IRS) issued a notice Dec. 11, 2008, that delayed the written plan document requirement in the final 403(b) regulations until Dec. 31, 2009. 403(b) plans must still be operated in reasonable compliance with the final regulations in 2009, but plan sponsors now have until Dec. 31, 2009, to put a plan in place or amend existing plan documents for the final 403(b) regulations.