jehmig
Dec 18 2002, 04:11 PM
Sorry for the ignorance but i deal alkmost entierly in the 401k world. I have a 501©3 client with a 401a plan and they are contemplating a deferral only 403(B)7 plan. If they make matching contributions or non-elective contributions to the 401a plan, does that make the 403b subject to Title I of ERISA?
Katherine
Dec 18 2002, 04:20 PM
No. It's based on what they do with the 403(B) arrangements themselves.
MWeddell
Dec 19 2002, 08:03 AM
If the matching contributions to the 401(a) plan are based on what employees defer to the 403(B) plan, then this might be a role beyond what is authorized for employers in the regulatory safe harbor for non-ERISA 403(B) plans. If that's your case, I suggest you contact your ERISA attorney. The worst case is for you to treat the 403(B) as a non-ERISA plan and later have it determined that it was subject to ERISA.
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please
click here.