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Expatriots and 403(b) Plans


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Guest Monika A. Jones
Posted

Can expatriots participate in a 403(B) plan? If not, the company is interested in providing something to the expatriots to make up for any lost benefits. Any suggestions?

Thanks.

Posted

US citizens working overseas have 415 income. Not only should expatriates be eligible to make 403(B) elective deferrals, but the employer may be required to permit them to make the contributions under 403(B)(12).

PS: The foreign government may not recognize IRC 403(B) and may tax the elective deferrals.

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