Guest pwilbanks Posted June 21, 2000 Share Posted June 21, 2000 I have a 414(e) Church with a 403(B)(9) Retirement Income Account Plan. Can this plan be funded by mutual funds within a group custodial arrangement? Does it have to be funded with annuities? Link to comment Share on other sites More sharing options...
Guest Danny Miller Posted June 22, 2000 Share Posted June 22, 2000 The nice thing about a 403(B)(9) retirement income account is that it can be invested in any kind of investments the church wants to use. Mutual funds are usually used, but a church RIA plan could, for example, also have a brokerage window or GIC investment option associated with it. Even common stocks could be purchased, although prudence would of course be an issue. If you use a mutual fund group custodial account arrangement, there will be some requirements in it that don't apply to a (B)(9). For example, all contributions, both employer and employee, are subject to distibution restrictions in a (B)(7)--that's not true for a (B)(9). Hope this helps. ------------------ Danny Miller Conner & Winters 1050 17th St., N.W. Suite 810 Washington, D.C. 20036 (202) 783-5711 dmiller@cwlaw.com Link to comment Share on other sites More sharing options...
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