Safeharbor29 Posted July 31, 2015 Posted July 31, 2015 Plan is changing to 501©(3) in October. What should I be thinking in regards to the plan or plan document based on the structural change?
K2retire Posted July 31, 2015 Posted July 31, 2015 Do you mean the plan sponsor is changing to a 501©(3)?
mbozek Posted July 31, 2015 Posted July 31, 2015 403b plan is available to 501c3s which does not have ADP testing. Sponsor could offer 403b plan to HCEs who could contribute up to 23k and have NHCEs participate in 401k plan. 403b plans are not issued favorable determination letters at this time because they are not qualified plans but must operate in accordance with the rules for 403b of the IRC. mjb
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