Take charge of your district's retirement plan responsibilities with ASBO's 403(b) resources, a suite of educational tools and samples that will help you understand, organize, and implement each step of your district's 403(b) plan. Bookmark this page to check back for additional resources.
New! Employee Education Tools from ASBO's 403(b) Council
ASBO's 403(b) Council presents guidelines and slides that you can use to educate your district’s employees about saving for retirement, a requirement of the IRS regulations. Generic and editable, these tools are ready to adapt to your individual district. Be sure to keep abreast of the latest in 403(b) best practices as featured in the NTSAA Compliance Resolution Summit report and the 2nd edition Best Practices Manual.
Browse the 403(b) archives to see more.
IRS Web Resources
The IRS has web resources at www.retirementplans.irs.gov,
to help employers navigate through tax-favored retirement plan options,
including 403(b) plans, and to make it easier for their
employees to save for the future. It encourages small business owners to
establish retirement plans by helping them choose the right plan for
their business. The site also promotes compliance with tax law by
providing information and resources on maintaining plans and correcting
ASBO 403(b) Council's Summary of NTSAA Compliance Resolution Summit Report
403(b) Council's summary and comments on the 2009 National Tax
Sheltered Accounts Association (NTSAA) 403(b) Compliance
Resolution Summit report. Here is what you need know about the key
findings of the June 2009 NTSAA summit and how ongoing work may help
your district's 403(b) plan achieve compliance.
Download the 403(b) Council's summary of the 2009 NTSAA report as a PDF document. (152K file)
403(b) Compliance Resolution Summit
National Tax Sheltered Accounts Association (NTSAA) released a
report on its 403(b) Compliance Resolution Summit held in June 2009. The
summit was called to help resolve widespread service issues in the
403(b) marketplace, particularly the public school and community college
sector sponsoring non-ERISA 403(b) plans. Representatives from third
party administrators, product providers, technology firms, and invited
guests from ASBO International, the IRS, the Investment Company
Institute, and the American Society of Pension Professionals and
Actuaries had a frank and open discussion of the problems and potential
solutions of 403(b) compliance.
Common service obstacles included the following: repetitive authorizations and processing, product providers having insufficient information on plan administration, inconsistent information on plan features and terms, inflexibility in processing, and unrealistic expectations. The participants recognized the lack of standardization across compliance processes as a central underlying problem.
The large group of 100 conferees was split into four subgroups that conducted workshops based on identified problem areas: loans and hardships, rollovers and distributions, transfers and exchanges, and deselected providers and grandfathered accounts. Two task forces were formed to implement and facilitate the post-summit follow up activities and standardization goals.
ASBO's 403(b) Council is working on a summary of key points of specific importance to school business officials and will also communicate on the progress of the NTSAA task forces as that information becomes available.
Download the 2009 NTSAA Summit Report. (68K file)
Developing a Successful TPA/Investment Provider Relationship for a School's 403(b) Plan
K-12 public school administrators whose plans include multiple
investment providers or who must include the orphan accounts of
deselected providers in their compliance activities have several options
in addressing the obligation to coordinate compliance across those
Download more information (142K file).
403(b) Compliance Book
Compliance Guide for Public Education Employers, Third Edition, by
Ellie Lowder, includes all of the recent changes to IRS regulations and
emphasizes presenting important information to aid in instituting and
updating compliance procedures to avoid defects in 403(b) programs.
403(b) at ASBO's 2009 Annual Meeting
If you attended ASBO's 2009 Annual Meeting in Chicago, you can
re-experience the 403(b) sessions through the Live Learning Center for
free. But even if you were not there, you can still purchase access to
the following sessions for only $25 a session ($35 for non-members):
- DG001 403(b) Plan Administration: Inside Scoop on Getting the Most out of Investment Provider and TPA Services
- DG048 IRS Perspective on Living with Your 403(b) Plan: Compliance Part I
- DG049 Picture Perfect 403(b) Plan: Compliance Part
Note: These recorded sessions do not offer CPE credit.
on the Changes to the 403(b) Regulations:
Click on each logo to find that Strategic Partner's 403(b) resources:
Please Note: You will need Adobe Acrobat to view these files.
Click here to find a FREE download of Adobe Acrobat Reader.