2009 403B Update

Lee Rosenberg, CFP | June 5th, 2009

403(b) UPDATE: The IRS recently announced that they had come up with a prototype of a 403(b) plan that will make it easier for plan administrators to comply with the IRS regulations governing these retirement plans. The prototype is intended to assure employers who adopt it that they will be in compliance with the requirements that went into effect on January 1. It will also enable plan administrators to get advance approval. There are also plans for the IRS to develop a separate approval system for plans that need the flexibility to customize rather than follow the formula.

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About the Author: Lee Rosenberg is the Co-founder of ARS Financial Services, Inc. As a Certified Financial Planner with more than 34 years of solid financial expertise. Lee is a registered representative of Cadaret, Grant & Co., Inc. He was also named one of the top 25 Independent Financial Advisers in the US by Rep magazine.

This entry was posted on Friday, June 5th, 2009 at 8:18 am and is filed under 403(b). You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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