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403(b) Plans: Your Questions, Our Answers |
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Section 403(b) retirement arrangements — or “403(b) plans” — offer employees important tax benefits. When all the necessary tax law requirements are met, both plan contributions and any earnings on those contributions are excluded from an employee’s gross income until those amounts are distributed from the plan. Some plans also allow employees to make after-tax contributions. In this website, we answer many commonly asked questions about sponsoring a 403(b) arrangement. However, federal law contains many other provisions that may affect your plan. Your retirement plan advisor can discuss compliance with you and help you evaluate the impact of specific provisions on your organization, your plan, and the employees who participate in your plan.
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This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. The general information in this publication is not intended to be nor should it be treated as tax, legal, accounting, or other professional advice. Additional issues could exist that would affect the tax treatment of a specific transaction and, therefore, taxpayers should seek advice from an independent tax adviser based on their particular circumstances before acting on any information presented. This information is not intended to be nor can it be used by any taxpayer for the purpose of avoiding tax penalties. Copyright © 2010 by NPI 403b 5/10 |
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