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IRS Issues Procedures for Securing Favorable Opinions on Pre-Approved 403(b) Programs
McDermott Will & Emery
[Guidance Overview] Apr. 17, 2013
"Note that any Section 403(b) plan in existence today is an individually designed plan. Nonprofit organizations that purchased 'model' Section 403(b) plans from vendors in the past still have individually designed plans because, prior to the Revenue Procedure, there was no legal mechanism under which a vendor could offer a prototype Section 403(b) plan."
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