Ted Kowalchuk, CFP, CFS,
Jan 8 2007, 01:41 PM
Can a church establish a 401(k) plan?
Jim Chad
Jan 9 2007, 07:11 AM
Yes, since SBJPA. After 1996 tax exempt organizations have been able to have 401(k) Plans.
Fisher
Jan 9 2007, 07:38 AM
Not sure why they would want a 401k versus a 403b. If they are a 3121(w)(3) church organization, there would be no discrimination testing required in a 403b Pension program while if establish a 401k they would be subject to ADP, ACP, 401(a)(4) etc.