Richard Anderson Posted October 10, 2001 Posted October 10, 2001 I'm new to 403(B) plans. This is my first (and only) one. Is the ACP on matching contributions done exactly like for a 401(k) plan? Prior or current year; statutory exclusions; etc. Are the 180% and 140% safe harbors still in effect?
Carol V. Calhoun Posted October 14, 2001 Posted October 14, 2001 Yes, it is exactly the same, except that (a) the ACP test does not apply to church plans, or plans of state and local government, and (B) the ADP test does not apply at all to 403(B) plans, but they are subject to a separate "universal availability" rule under 403(B)(12). Employee benefits legal resource site The opinions of my postings are my own and do not necessarily represent my law firm's position, strategies, or opinions. The contents of my postings are offered for informational purposes only and should not be construed as legal advice. A visit to this board or an exchange of information through this board does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances.
Guest Tom Geer Posted October 16, 2001 Posted October 16, 2001 Notice 89-23 is in effect until IRS announces otherwise.
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