cpc0506 4 Report post Posted September 25, 2019 We are working through our list of clients that need the PPA restatement for their current documents. I have come across a plan for a Boys and Girls Club. I know that 'nonprofit recreational clubs' are tax exempt but cannot sponsor a 403b plan. Would a Boys and Girls Club fall under this definition of 'nonprofit recreational clubs'? Does anyone reading this blog have Boys and Girls Club as a client who have a 403b plan? Or is it enough that the Form 990 reflects the company as a 501(c)(3) organization? Thanks for any guidance you can provide. Share this post Link to post Share on other sites
Luke Bailey 160 Report post Posted September 25, 2019 cpc0506, if it's a 501(c)(3) as reflected on its For 990, it can have a 403(b) 1 Share this post Link to post Share on other sites
Patricia Neal Jensen 37 Report post Posted September 25, 2019 As usual, Luke Bailey is correct! I know of no reason that a 501(c )(3) cannot have a 403(b) plan. You might ask for a copy of their 501(c)(3) exemption letter if you have some reason to doubt the 990. Also, just for fun, I googled "Boys and Girls Club 403(b)" and at least a dozen of these showed up. PNJ 1 Share this post Link to post Share on other sites
