PRAFALA
May 18 2007, 05:50 PM
Question:
Can someone tell me where I can find regulations on the rules behind a not-for-profit (hospital) employer offering multiple 403b vendors yet only matching to one?
J Simmons
May 18 2007, 06:17 PM
IRC 403(b)(12)(A)(i) deals with employer contributions to a 403b annuity. IRC 403(b)(12)(A)(i) refers to, among other provisions, IRC 401(m). IRC 401(m) imposes a nondiscrimination requirement on employer matching contributions. It is referred to as the ACP test. It is described in Treas Reg 1.401(m)-2.
TLGeer
Jun 2 2007, 04:36 PM
You also have t meet the nondiscriminatory availability of benefits, rights and features requirement of 401(a)(4), by covering a nondiscriminatory group.
Tom Geer
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