Jump to content
Sign in to follow this  
cpc0506

Boys and Girls Club

Recommended Posts

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

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

 

  • Like 1

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...