Jump to content
Sign in to follow this  
AJC

Non-ERISA 403(b) Church Plan and Employer Contributions

Recommended Posts

I have read, "a 403(b) plan that provides for employer contributions cannot be a non-ERISA 403(b) plan."

Can a church plan, which is an ERISA exempt and non-electing 403(b) plan, provide for employer contributions?

If so, how is it that the two statements conflict? Any helpful cites?

Share this post


Link to post
Share on other sites
4 hours ago, AJC said:

I have read, "a 403(b) plan that provides for employer contributions cannot be a non-ERISA 403(b) plan."

Can a church plan, which is an ERISA exempt and non-electing 403(b) plan, provide for employer contributions?

If so, how is it that the two statements conflict? Any helpful cites?

Yes.  There is no such rule.    I suspect the author of this statement is confusing Non-ERISA plans with Non-Electing Church plans.  They are different.

Share this post


Link to post
Share on other sites

There are two ways a 403(b) plan can be a non-ERISA plan. One is to be a governmental or nonelecting church plan. The other is to be a plan, other than either of the preceding, which has minimal employer involvement (as described in DOL regulations). The author's statement is true if the latter exemption is being used, but not if the former one is. 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×
×
  • Create New...