If you administer a 403(b) plan you should be familiar with the term “universal availability”. This concept means that, as a general rule, all employees must be allowed to make elective deferrals into ...

Dear Liz: I have $160,000 in a 403 (b) retirement plan and I’m 70. I know I have to start taking required minimum ...

The Internal Revenue Service (IRS) expanded its individually designed determination letter program to include 403(b) retirement plans in November 2022, before which time 403(b) plan sponsors did not ...

Six groups are calling on the Senate to reject a proposal to allow 403(b) plans to invest in collective investment trusts. In a letter addressed to the Senate Banking Committee, six investor advocacy ...

As you look toward 2025 and your financial future, there are tools and resources you can use to help keep your planning and savings on track. Each year in November, the IRS announces the next year's ...

The CIT trust company and two law firms argue against consumer groups seeking to halt a bill that would let 403(b) plans invest in CITs. Collective investment trust provider Great Gray Trust Co. LLC ...

The Labor Department has withdrawn its previous support of plaintiffs in a case concerning the burden of proof involving a university 403(b) plan.

A 403(b) retirement plan is an employer-sponsored plan for employees of public schools and certain 501(c)(3) tax-exempt organizations. Also known as a tax-sheltered annuity plan, a 403(b) is similar ...

More nonprofit workers are now eligible to participate in their organizations’ retirement plans than ever before, according to the Plan Sponsor Council of America’s latest annual 403(b) Plan Survey ...

I turned 51 years old six months ago and forgot to adjust my employer retirement account settings to max out my contributions this year. As a result, I contributed $23,000 to my 403(b) and $23,000 to ...

The Seventh Circuit affirmed a district court’s ruling that FICA must be withheld on contributions made by salary reduction to a section 403(b) retirement plan. The circuit also affirmed the trial ...

A federal judge in New York dismissed a lawsuit against Montefiore Medical Center by former employees who said the Bronx, N.Y., hospital and its fiduciaries mismanaged a 403(b) plan in violation of ...