403(b) IRS filing requirements

[Guest Betsy Oakey]

Part 1

If I have a 403b plan that has to adhere to Title 1 ERISA, I understand that a 5500 has to be filed. I also understand that up to 1/1/08(?) the filing requirements were very limited.

I think I am understanding that as of 1/1/08, IRS filing requirements for this type of plan will become much more like that of anyother pension plan, including participant counts, Sch. I, etc.

Am I correct or will the filing requirements remain limited?

Part 2

I know certain 403bs that offer matching contributions can still be exempt from Title 1. What kind of entities are they required to be in order to remain exempt.

thanks

[Lori Friedman]

I know certain 403bs that offer matching contributions can still be exempt from Title 1. What kind of entities are they required to be in order to remain exempt.

Churches (and other religious institutions) and certain governmental units.