Can employer who no longer wants to contribute a matching contribution to the plan and does not want to administer the 403(b)plan switch become exempt from ERISA coverage and switch to a Non-ERISA plan?
JWBrown
May 1 2000, 08:15 PM
You would need to "freeze" the old 403(B) plan and start a new non-ERISA plan. I'm afraid that the old plan will be subject to ERISA requirements as long as it lives.