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Not-for-Profit has a 403(b) plan. The NFP recently purchased the assets of a for profit business and set up a new LLC


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I've been doing some reading about 403(b) participation when a not-for-profit agency has a for-profit subsidiary. In this case, the 501©(3) does not want to include the employees of the new for-profit LLC in the 403(b) plan. The easy answer is to say that since the LLC is not a 501©(3) organization, those employees can be ignored for 403(b) purposes. Could it be that easy? One reason I'm concerned is that the 501©(3) expects to add more for-profit businesses over the next few years, so I want to cross this bridge now rather than waiting until there's a bigger problem involving even more people.

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