Final 403(b) Regulations

July 2008

The Internal Revenue Service in July 2007 issued new, comprehensive regulations under Internal Revenue Code Section 403(b). The new Regulations, which generally take effect on January 1, 2009, require significant changes to the rules that apply to tax-exempt organizations, public schools and churches that maintain 403(b) arrangements, and in most instances will require employers to amend and update their 403(b) plans and consider modifications to their related administrative practices.

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