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Section 403(b) Compliance Guide for Public Education Employers - Ellie Lowder

Section 403(b) Compliance Guide for Public Education Employers


Published: 1st January 2006
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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 Section 403(b) Compliance Guide for Public Education Employers includes the new Roth 403(b), as well as all available regulatory changes as of June 30, 2005. It is designed to help busy officials and their staff update already established compliance programs, which will substantially reduce the impact of an IRS audit.

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.--Reference and Research Book News

Reader's Notep. V
TSA/403(b) Programs and Compliance Frequently Asked Questionsp. 1
EGTRRA and Regulatory Overviewp. 7
The IRS Examination Guidelinesp. 11
IRS Audits: The Most Common Violations and Results; New IRS Focus on Loans and Hardship Withdrawalsp. 13
IRS Correction Programsp. 17
The Organization of This Compliance Guidep. 21
The Basics of 403(b) Plansp. 23
Types of Contributions Permittedp. 27
No More Coordination of Contributions to Both a 403(b) Arrangement and a 457(b) Deferred Compensation Planp. 35
Correction of Excess Contributionsp. 37
The Nondiscrimination Rules for TSA Plansp. 41
Title I of ERISAp. 45
Plan Defects: How They May Affect the TSA Planp. 47
Your Compliance Projectp. 51
What Is a Service Provider?p. 53
The Service Provider Agreementp. 55
The Salary Reduction Agreementp. 57
The Basics of 457(b) Governmental Plansp. 63
Compliance Checklist for Public Education Institutions Sponsoring Non-ERISA 403(b) Plansp. 71
The 403(b) Specimen Agreementsp. 75
About the Authorp. 87
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9781578863938
ISBN-10: 1578863937
Audience: General
Format: Paperback
Language: English
Number Of Pages: 88
Published: 1st January 2006
Publisher: ScarecrowEducation
Country of Publication: US
Dimensions (cm): 21.59 x 13.97  x 0.58
Weight (kg): 0.13
Edition Number: 2
Edition Type: Revised