IRS and Government Resources on 403(b) Regulations

New! IRS Video - 403(b) Annuities: What Educational Employers Need to Know to Do Their Jobs - Available Now in Streaming Video

Join IRS tax law specialists Robert J. Architect and Benise Ungar for a 60-minute step-by-step explanation of what school business officials need to know and do to achieve district compliance with the final 403(b) regulations issued in July 2007.

Learn how to create a written plan, determine participant eligibility, handle transfers and exchanges, and keep abreast of the new responsibilities that fall to school districts.

Find the video and additional downloads here

403(b) Final Regulations Released!

The highly anticipated IRS 403(b) final regulations were released July 23 and are now available on the IRS Website.

Preview of Changes for ASBO International Members
ASBO International will provide up-to-the-minute resources to help you prepare for implementing the new regulations. The first resources are:

A three-page summary of what your school district needs to know, developed by ASBO legislative affairs committee member and employee benefits counsel, Martha Hutzelman, Esq.

A PowerPoint presentation for school administrators (converted to .PDF format) created by Robert J. Architect, TEGE, of the IRS.

The IRS's Employee Plans News, special July 2007 edition, with highlights of the new regulations.

The complete text of the final regulations from the July 26 Federal Register in .PDF format, or as text-only.

Go to: www.irs.gov/newsroom for the latest from the IRS' newsroom.

IRS and Government-related Items On This Page:

ASBO International Comments to the IRS

ASBO International officially submitted comments to the Internal Revenue Service on the proposed 403(b) regulations Feb. 14, 2005. ASBO compiled comments from its Board of Directors, professional committees, and numerous members as well as vendor experts.

View/download ASBO's comments to the IRS in MS Word format (133K file).

Find ASBO's 403(b) Compliance Checklist, including service provider and salary reduction agreement forms. (ASBO Members Only)

Resources from the U.S. Internal Revenue Service

Special IRS Video Presentation!
403(b) Annuities for Public School Teachers & Employees

Find this 30-minute video, released by the IRS' Employee Plans Customer Education & Outreach Service in January 2006, that explains the details of 403(b) plans to school district employees.

Download a PowerPoint presentation for school administrators on the final 403(b) Regs (converted to .PDF format) created by Robert J. Architect, TEGE, Senior Tax Law Specialist with the IRS' 403(b)/ 457 Outreach Program.

The IRS offers a page with information for 403(b) plan sponsors and employers including articles, forms, downloads, and other materials.

Download the IRS' interactive "Navigator" for all aspects of the life of your 403(b) plan (2.55 MB file). Clicking through this .PDF document will bring you the guidlines and forms you'll need to administer a retirement plan for your employees.

Browse the IRS Web pages detailing 403(b) plans for employees of public schools, including a section on 403(b) Plan Basics.

Go to: www.irs.gov/retirement for the IRS' complete guide to tax information for retirement plans.

Download The New 403(b) Regulations, a PowerPoint presentation from December 2005 about the proposed regulations, from Robert J. Architect. (ASBO Members Only)