katieinny Posted June 11, 2008 Report Share Posted June 11, 2008 I've been studying sections 414(e) and 3121(w)(3) to determine if a seminary that sponsors a money purchase plan and a 403(b) plan is exempt from non-discrimination testing. I've determined that the seminary's money purchase plan qualifies as a church plan and is exempt from nondiscrimination testing because section 414(e) applies. However, it seems that the 403(b) plan uses the section 3121(w)(3) definition and that plan would be subject to nondiscrimination testing. First, I'm wondering if my thought process is on target; and Second, I'm wondering if anyone else has experience with a plan or plans maintained by a seminary. Link to comment Share on other sites More sharing options...
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