Stupid GUST quesiton

[Guest CitationSquirrel]

Now, I know the old saying that there is no such thing as a stupid question ... but this one may challenge that statement.

Are 403(B) and 457 plans subject to restatement for GUST or is it only your "run-of-the-mill" 401(a) plans?

[Guest Ben S]

I know the 403b's are subject to restatement but not certain about the 457's.

[mbozek]

While 403(B) plans are subject to Gust revisions there is no requirement that the plans be amended because a 403(B) plan are not required to be administered in accordance with its terms. The plan need only comply with the provisions of the IRC applicable to 403(B) plans. Most 403(B) plans are being amended anyway because the sponsors need some advice on the changes.

[actuarysmith]

BTW, you spelled "question" wrong..........................