Boys and Girls Club

[cpc0506]

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.

[Luke Bailey]

cpc0506, if it's a 501(c)(3) as reflected on its For 990, it can have a 403(b)

[Patricia Neal Jensen]

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