employer involvement

[LIBERTYKID]

An employer offers a 403(B) program to its employees, but matches and makes profit sharing contributions to a qualified plan. If the employer did not make matching contributions or profit sharing contributions, I would conclude that no 5500 was necessary. But since the employer is now providing funding with regard to the 403(B) arrangement, is this fact enough to create a situation where the employer involvement is enough that the 403(B) plan should file a Form 5500? Yes, the qualified plan does file a 5500.

[QDROphile]

The 403(B) plan is subject to ERISA and must file.

[joel]

What section of the Code permits a for profit enterprise to offer a 403(B)?

[LIBERTYKID]

It is not a for profit company; perhaps I should have referred to "Employer contributions" and not "profit sharing contributions"

[Carol V. Calhoun]

A for-profit company cannot have a 403(B). However, a not-for-profit can have a profit-sharing plan. Internal Revenue Code section 401(a)(27)(A).

[Guest Colleen Schlosser]

Can you clarify what portions of the 5500 need to be completed for a 403 (B) with Employer matching contributions? My understanding is, there is limited filing and you do not need to supply the asset schedule. Is this correct?