Section 403(b) Compliance Guide for Public Education Employers

by Ellie Lowder

Overview

Busy school business officials will welcome guidance in the establishment or updating of 403(b) compliance programs, and this guide should help meet that need. The Economic Growth and Tax Relief Reconciliation Act of 2001 has substantially changed the rules for TSA/403(b) arrangements; thus, it is important that school business officials have a compliance guide that reflects those changes. This will help them and their staff, understand what needs to be done.

Product Details

ISBN-13:	9781578863938
Publisher:	R&L Education
Publication date:	01/26/2006
Edition description:	Second Edition
Pages:	88
Product dimensions:	5.40(w) x 8.30(h) x 0.10(d)

About the Author

Ellie Lowder is an independent consultant with over fifty years of experience in 403(b) plans, and is widely considered one of the foremost experts in retirement plans for public education employers.

Table of Contents

Reader's Note     V
TSA/403(b) Programs and Compliance Frequently Asked Questions     1
EGTRRA and Regulatory Overview     7
The IRS Examination Guidelines     11
IRS Audits: The Most Common Violations and Results; New IRS Focus on Loans and Hardship Withdrawals     13
IRS Correction Programs     17
The Organization of This Compliance Guide     21
The Basics of 403(b) Plans     23
Types of Contributions Permitted     27
No More Coordination of Contributions to Both a 403(b) Arrangement and a 457(b) Deferred Compensation Plan     35
Correction of Excess Contributions     37
The Nondiscrimination Rules for TSA Plans     41
Title I of ERISA     45
Plan Defects: How They May Affect the TSA Plan     47
Your Compliance Project     51
What Is a Service Provider?     53
The Service Provider Agreement     55
The Salary Reduction Agreement     57
The Basics of 457(b) Governmental Plans     63
Compliance Checklist for Public Education Institutions Sponsoring Non-ERISA 403(b) Plans     71
The 403(b) Specimen Agreements     75
About the Author     87

Editorial Reviews

Consultant Lowder takes into account all regulatory changes as of 30 June 2005 for this handbook on post-EGTRRA compliance programs, including the new Roth 403(b) and severance pay rules. She starts with frequently asked questions, then takes a regulatory overview and describes IRS examination guidelines and audits.

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