ldr 22 Posted August 6, 2020 Report Share Posted August 6, 2020 Good morning, this falls under the "please don't shoot the messenger" heading. A prospect for a non-ERISA 403(b) Plan, which is a church, is asking whether they can take advantage of the "tax credit under the Secure Act". We don't see how this could benefit an entity that does not pay any taxes in the first place, but we were still asked to research the question. Maybe we are missing something. Thoughts? Thank you. Link to post Share on other sites
Bill Presson 411 Posted August 6, 2020 Report Share Posted August 6, 2020 I don't think you're missing anything. And it's silly that they asked you to research the question. Link to post Share on other sites
ldr 22 Posted August 6, 2020 Author Report Share Posted August 6, 2020 Thank you, Bill. 1 Link to post Share on other sites
Patricia Neal Jensen 67 Posted August 10, 2020 Report Share Posted August 10, 2020 Agree with you and Bill Presson. BTW, Non-Electing Church 403(b) plans are different than Non-ERISA 403(b) plans. If you accept this client, and are sure it is a "church," be sure to use a plan document format intended for church plans and not one intended only for a Non-ERISA 403(b) sponsored by a NonProfit which is not a church. A good thing to check would be a provision for employer contributions. Non-Electing (which translates into Non-ERISA) Church plan documents have employer contribution provisions in them and a document for a NonProfit sponsoring a Non-ERISA 403(b) does not contain employer contribution options. Have a great day! PNJ 1 Link to post Share on other sites
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