highlights for employers on the final 403(b) regulations 4483 2011-01-20.pdf · the following...

The following publications cover 403(b) tax-sheltered annuity plans, other retirement plans and correction programs: Q Publication 15, Circular E, Employer's Tax Guide Q Publication 571, Tax-Sheltered Annuity Plans (403(b) Plans) for Employees of Public Schools and Certain Tax-Exempt Organizations Q Publication 590, Individual Retirement Arrangements (IRAs) Q Publication 4482, 403(b) Tax-Sheltered Annuity for Participant Q Publication 4484, Choose a retirement plan for employees of tax exempt and government entities Q Publication 4546, 403(b) Plan Checklist Q Publication 4224, Retirement Plan Correction Programs Download these publications at www.irs.gov/ep, or order a free copy through the IRS by dialing (800) TAX-FORM (829-3676). Visit www.irs.gov/ep for online resources covering specific retirement plans (including 403(b) plans). This site has tools such as: • a checklist for maintaining your plan, • answers to frequently asked questions, and • a page devoted to correction programs to assist you in correcting errors if you discover them in the operation of your plan. )[ I J XTIV [XWV[WZ MUXTWaMZ aW] VMML \W XIa I\\MV\QWV \W \PM WXMZI\QWV WN aW]Z J \I`[PMT\MZML IVV]Q\a XTIV [W \PI\ aW] KIV" Q JM KWUXTQIV\ _Q\P \PM TI_ Q UI`QUQbM aW]Z MUXTWaMM[¼ ZM\QZMUMV\ JMVMNQ\[ IVL Q I^WQL ILLQ\QWVIT \I`M[ IVL XMVIT\QM[ Be Aware of Common Mistakes Internal Revenue Service Tax Exempt and Government Entities Employee Plans Division 1:; X]JTQ[PML J :MO]TI\QWV[ WV 2]Ta <PM[M ZMO]TI\QWV[ _MZM OMVMZITTa MNNMK\Q^M WV 2IV]IZa ! IVL KW^MZ \PM KPIVOM[ UILM Ja TMOQ[TI\QWV NZWU \PM XI[\ aMIZ[ ?ZQ\\MV 8TIV :MY]QZMUMV\" <PM J :MO]TI\QWV[ ZMY]QZM J XZWOZIU[ JM UIQV\IQVML X]Z[]IV\ \W I _ZQ\\MV XTIV \PI\ [I\Q[ÅM[ \PM ZMY]QZMUMV\[ WN 1:+ J JW\P QV NWZU IVL WXMZI\QWV IVL KWV\IQV[ ITT \PM \MZU[ IVL KWVLQ\QWV[ NWZ MTQOQJQTQ\a TQUQ\I\QWV[ IVL JMVMÅ\[ ]VLMZ \PM XTIV <PQ[ UMIV[ ITT XZW^Q[QWV[ WN \PM _Ia \PM XTIV _WZS[ PI^M \W JM [XMTTML W]\ QV I XTIV IVL Q\ U][\ JM WXMZI\ML IKKWZLQVOTa 5IVa WZOIVQbI\QWV[ UIa ITZMILa PI^M \PM[M \aXM[ WN XZWOZIU[ .WZ MÌUXTM \PM XTIV UIa JM KWUXW[ML WN \PM IOOZMOI\M WN I [ITIZa ZML]K\QWV IOZMMUMV\ \PM KWV\ZIK\[ \PI\ N]VL \PM XTIV IVL ILUQVQ[\ZI\Q^M XZWKML]ZM[ ZMOIZLQVO MTQOQJQTQ\a JMVMÅ\[ LWTTIZ TQUQ\I\QWV[ IVL VWVLQ[KZQUQVI\QWV NWZ ]VQ^MZ[IT IÎQTIJQTQ\a NWZ [ITIZa ZML]K\QWV[ IVL VWVMTMK\Q^M KWV\ZQJ]\QWV[ :M^MV]M 8ZWKML]ZM KWV\IQV[ UWLMT XTIV TIVO]IOM \PI\ _W]TL MVIJTM I J [XWV[WZQVO X]JTQK [KPWWT \W X]\ \WOM\PMZ I JI[QK J XZWOZIU ;IUXTM XTIV TIVO]IOM NWZ KMZ\IQV J XTIV[ Q[ KWV\IQVML QV )VVW]VKMUMV\ ! ,MXW[Q\QVO -TMK\Q^M ,MNMZZIT[" J MTMK\Q^M LMNMZZIT KWV\ZQJ]\QWV[ U][\ JM PIVLML W^MZ \W \PM IVV]Q\a WZ K][\WLQIT IKKW]V\ I[ [WWV I[ Q[ ZMI[WVIJTM NWZ \PM XZWXMZ ILUQVQ[\ZI\QWV WN \PM XTIV <PM XTIV UIa XZW^QLM \PI\ I XTIV XIZ\QKQXIV\¼[ MTMK\Q^M LMNMZZIT[ JM \ZIV[NMZZML \W \PM IVV]Q\a KWV\ZIK\ _Q\PQV I [M\ V]UJMZ WN LIa[ IN\MZ \PM LI\M \PM IUW]V\[ _W]TL PI^M JMMV XIQL \W \PM XIZ\QKQXIV\ -:1;) XTIV[ UIa JM []JRMK\ \W [\ZQK\MZ \QUM NZIUM[ 8W[\;M^MZIVKM +WV\ZQJ]\QWV[" 8TIV[ UIa XMZUQ\ \_W [MXIZI\M IVL ]VZMTI\ML XZW^Q[QWV[ NWZ KWV\ZQJ]\QWV[ \W JM UILM \W J XTIV[ IN\MZ IV MUXTWaMM [MXIZI\M[ NZWU [MZ^QKM -TMK\Q^M LMNMZZIT[" -UXTWaMM[ UIa LMNMZ [WUM ]X \W \PMQZ IVV]IT LMNMZZIT TQUQ\[ WN \PMQZ ZMO]TIZ IKKZ]ML ÎKI\QWV IVL [QKS XIa QV\W \PMQZ J IKKW]V\[ QN ZMKMQ^ML Ja \PM TI\MZ WN û UWV\P[ NZWU \PM LI\M WN [M^MZIVKM WZ \PM MVL WN \PM TQUQ\I\QWV aMIZ QV UW[\ KI[M[ KITMVLIZ aMIZ QV _PQKP \PM [M^MZIVKM WKK]ZZML -UXTWaMZ VWVMTMK\Q^M XW[\[M^MZIVKM KWV\ZQJ]\QWV[" <PM MUXTWaMZ UIa UISM VWVMTMK\Q^M XW[\[M^MZIVKM KWV\ZQJ]\QWV[ ]X \W \PM UI`QU]U TMOIT W^MZITT TQUQ\ QV\W I NWZUMZ MUXTWaMM¼[ J IKKW]V\ NWZ ]X \W Å^M aMIZ[ NWTTW_QVO \PM MVL WN \PM aMIZ QV _PQKP \PM MUXTWaMM [M^MZML [MZ^QKM _Q\P \PM MUXTWaMZ 6W\M" <PM NWZUMZ MUXTWaMM KIV PI^M VW XIZ\ QV MTMK\QVO _PM\PMZ \W ZMKMQ^M \PQ[ UWVMa QV KI[P WZ PI^M Q\ LMNMZZML QV\W \PMQZ J IKKW]V\ )TT XW[\[M^MZIVKM KWV\ZQJ]\QWV[ U][\ MVL ]XWV \PM NWZUMZ MUXTWaMM¼[ LMI\P 6M_ 1V;MZ^QKM -`KPIVOM[ IVL <ZIV[NMZ :]TM[" <PM :MO]TI\QWV[ QUXW[M VM_ ZMY]QZMUMV\[ WV QV[MZ^QKM M`KPIVOM[ IVL \ZIV[NMZ[ <PM VM_ Z]TM[ LQ[\QVO]Q[P JM\_MMV _Q\PQVXTIV M`KPIVOM[ \W ^MVLWZ[ VW\ K]ZZMV\Ta WV \PM XTIV¼[ IXXZW^ML TQ[\ IVL \PM UW^QVO WN N]VL[ \W IVW\PMZ XTIV <PM[M ZMXTIKM \PM WTL Z]TM[ ]VLMZ :M^MV]M :]TQVO ! 1V[MZ^QKM M`KPIVOM[ \ISM XTIKM _Q\PQV \PM [IUM XTIV <W JM ITTW_IJTM \PM J XTIV U][\ XMZUQ\ \PM UW^MUMV\ WN \PM N]VL[ IVL \PM \MZU[ U][\ JM NWTTW_ML QV WXMZI\QWV *MVMÅ\[ KIVVW\ JM ZML]KML IVL QN \PM UW^ML N]VL[ _MZM []JRMK\ \W LQ[\ZQJ]\QWV ZM[\ZQK\QWV[ \PMa U][\ KWV\QV]M \W JM []JRMK\ \W \PM [IUM ZM[\ZQK\QWV[ <PM MUXTWaMZ IVL \PM KWV\ZIK\ Q[[]MZ U][\ IOZMM \W [PIZM KMZ\IQV ZMY]QZML QVNWZUI\QWV [W \PM MUXTWaMZ KIV NWTTW_ \PM Z]TM[ WN \PM +WLM IVL :MO]TI\QWV[ M[XMKQITTa \PW[M KWVKMZVQVO TWIV ZM[\ZQK\QWV[ IVL PIZL[PQX LQ[\ZQJ]\QWV[ 8TIV \ZIV[NMZ[ IZM \PM XTIV\WXTIV UW^MUMV\ WN N]VL[ <W JM ITTW_IJTM \PM \ZIV[NMZWZ XTIV U][\ XMZUQ\ \PM UW^MUMV\ W]\ IVL \PM ZMKMQ^QVO XTIV U][\ XMZUQ\ IVL IXXZW^M \PM IKKMX\IVKM WN \PM N]VL[ 1V ILLQ\QWV \PM XIZ\QKQXIV\ U][\ JM IV MUXTWaMM WZ NWZUMZ MUXTWaMM WN \PM MUXTWaMZ WN \PM ZMKMQ^QVO XTIV *MVMÅ\[ KIVVW\ JM ZML]KML IVL QN \PM UW^ML N]VL[ _MZM []JRMK\ \W LQ[\ZQJ]\QWV ZM[\ZQK\QWV[ \PMa U][\ KWV\QV]M \W JM []JRMK\ \W \PM [IUM ZM[\ZQK\QWV[ Highlights for Employers on the Final 403(b) Regulations 3XEOLFDWLRQ &DWDORJ 1XPEHU 9 'HSDUWPHQW RI WKH 7UHDVXU\ ,QWHUQDO 5HYHQXH 6HUYLFH ZZZLUVJRY

highlights for employers on the final 403(b) regulations 4483 2011-01-20.pdf · the following...

Documents