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403(b) Program Creates Concerns About Future of Individually Designed Plans
Bloomberg BNA Link to more items from this source
June 4, 2013
"The news from IRS that 'limited resources' make it infeasible for the agency to establish a determination letter program for individually designed 403(b) plan documents was unexpected and potentially the most disruptive guidance in a revenue procedure that the agency released March 28 ... Not having a determination letter program for individually designed 403(b) plans might make the volume-submitter program more attractive to benefit practitioners because it is the most flexible preapproved document program that IRS offers[.]"

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