404(c) for 403(b) plans

[Guest RIA]

As 403(b) plan sponsors review the new regs and begin to consolidate vendors, install fidcuairy process and other ERISA related behaviors the question is arising as to whether these plans should elect 404©.

Is this safe harbor available to 403(b)s? If so, are there any different filing requirments on the Form 5500 other than indicating 2f?

Thanks

[Guest mjb]

As 403(b) plan sponsors review the new regs and begin to consolidate vendors, install fidcuairy process and other ERISA related behaviors the question is arising as to whether these plans should elect 404©.

Is this safe harbor available to 403(b)s? If so, are there any different filing requirments on the Form 5500 other than indicating 2f?

Thanks

404c is only available to 403b plans maintained by non profit employers where the employer contributes to the plan. 403b plans of non profits where the only contributions are by salary reduction and 403b plans maintained by churches and government employers ( such as public schools) are exempt from ERISA and 404c.