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DOL's Third 403(b) FAB Designed to Give Plans and Accountants Some Reporting and Disclosure Guidance
Business of Benefits Link to more items from this source
[Guidance Overview]
Feb. 21, 2010
Excerpt: The DOL issued its highly anticipated 403(b) Frequently Asked Questions as part of a Field Assistance Bulletin, FAB 2010-01. The seriousness in which the DOL is taking these 403(b) issues is reflected in the fact that it was issued as a FAB, and not merely the sort of informal guidance offered by a simple FAQ. As one DOL staffer mentioned to me, though a FAB nay not have a whole lot more legal weight than an FAQ, it does speak to the weight the DOL is giving to the matters at hand. There are now three DOL 403(b) FABs: 2007-2; 2009-2 and 2010-1. The three of these should be read together when seeking answers, as they constitute substantial regulatory guidance.

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