Publications: 60 | Followers: 0

ftw_regional_conference_2017-Documents_Update

Publish on Category: Birds 0

403(b) DOCUMENT UPDATE
Presented By: Christine LeBlanc
403(b) Documents
New IRS pre-approved documents now availableRestatement deadline to get retroactive reliance is March31,2020Retroactive effective dates as early as 1/1/2010 can be usedCustom effective date and custom language attachments with retroactive effective dates
403(b) Documents
New service provider attachmentApproved vendorsUn-approved vendorsService providersPlansponsor duties
403(b) Documents
Restatement DeadlineMarch31, 2020If document was amended timely for final regulations then plan may have retroactive reliance back to 2010.All provisions must be documented in some formInterim amendmentsSpecial effective date addendum
403(b) Documents
5 typesERISA for 501(c)(3) OrganizationsNon-ERISA Deferral Only for 501(c)(3) OrganizationsNon-ERISA for Governmental OrganizationsNon-ERISA for Churches without RIANon-ERISA for Churches with RIA
403(b) Documents
ERISA for 501(c)(3) OrganizationsRobust document intended to provide maximum flexibilityContribution Types Includeddeferrals – pre-tax and Rothvoluntary after-taxmandatory - after-tax and pre-taxmatching contributionsnon-elective contributionsrollover contributions
403(b) Documents
ERISA for 501(c)(3) OrganizationsOther ProvisionsACP Safe HarborAuto-Enrollment – ACA, EACA, QACAIntegrated, Age Weighted, and Cross-Tested Non-Elective Contributions
403(b) Documents
ERISA for 501(c)(3) OrganizationsTesting ProvisionsDesigned to be Universal Availability compliantAll ERISA language includedACP testing elections included410(b) failure language included
403(b) Documents
Non-ERISA 403(b) Deferral Only for 501(c)(3) OrganizationsDesigned to be used by a 501(c)(3) organization that intends to meet the DOL safe harbor of limited employer involvement under29C.F.R. section 2510.3-2(f)Contributions Types includeDeferrals – pre-tax and RothVoluntary after-taxrollover contributions
403(b) Documents
Non-ERISA 403(b) Deferral Only for 501(c)(3) OrganizationsDoes not includeMatching or non-elective contributionsSafe harbor provisionsAutomatic enrollmentVesting provisions
403(b) Documents
Non-ERISA for Governmental and Church EmployersRobust document intended to provide maximum flexibilityContribution Types Includeddeferrals – pre-tax and Rothvoluntary after-taxmandatory - after-tax and pre-taxmatching contributionsnon-elective contributionsrollover contributions
403(b) Documents
Non-ERISA for Governmental and Church EmployersOther ProvisionsAuto-Enrollment – ACAIntegrated Non-Elective ContributionsNot IncludedSafe HarborAuto-Enrollment – EACA, QACAAge-Weighted and Cross-Tested Non-Elective Contributions
403(b) Documents
Non-ERISA for Church EmployersSteeple ChurchQualified Church Controlled EmployersRetirement Income AccountNot subject to Universal Availability

0

Embed

Share

Upload

Make amazing presentation for free
ftw_regional_conference_2017-Documents_Update