ASBO first published a compliance guide for the 403(b) arrangements in the late 1990s to provide assistance to the school business officials with the administration of their non-ERISA 403(b) arrangements. This, the 2003 Edition, is completely updated to reflect the extensive changes to 403(b) arrangements included in the Economic Growth & Tax Relief Reconciliation Act of 2001 and current reports of IRS audit activities. Additionally, the 2003 Edition, for the first time, includes compliance information for 457(b) deferred compensation plans in light of the growing number of audits of those...

For several years, the Internal Revenue Service has been actively auditing public school districts' the TSA/403(b) programs and has indicated that the audits will continue until IRS field examiners routinely find that employers have compliance practices and procedures in place. Thus, school business officials must actively pursue compliance initiatives. It is imperative that compliance practices and procedures are amended to reflect the substantial changes contained in the Economic Growth and Tax Relief and Reconciliation Act of 2001 and subsequent IRS guidelines. The second edition of the...

Whether employers are self-administering their 403(b) plans, or are using a Third Party Administrator (TPA), the in depth information in this book will provide a guide to the regulations, and the tools needed to correctly operate the plan. Busy School Business Officials can use this guide with payroll or Human Resources personnel to train them in the proper day to day operation of the plan and avoid the pitfalls that would create plan violations. The material is invaluable in maintaining oversight of the TPA, and the providers of product and investments. SBOs using previous editions of the...

Whether employers are self-administering their 403(b) plans, or are using a Third Party Administrator (TPA), the in depth information in this book will provide a guide to the regulations, and the tools needed to correctly operate the plan. Busy School Business Officials can use this guide with payroll or Human Resources personnel to train them in the proper day to day operation of the plan and avoid the pitfalls that would create plan violations. The material is invaluable in maintaining oversight of the TPA, and the providers of product and investments. SBOs using previous editions of the...