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Can Your Hospital District Have a 403(b) Plan?
Best Best & Krieger LLP
[Guidance Overview] Sept. 14, 2022 "[T]he fact that a particular entity is exempt from federal and state income taxes ... can be based on the fact that the district is a 'local government' agency that is also exempt from taxes.... [M]any retirement plan advisers and consultants often 'assume' that 'tax-exempt' status means section 501(c)(3) status; they proceed to recommend and set-up a 403(b) when the client-entity involved does not have the right type of tax-exempt status." MORE >> |
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