A 403(b) tax-sheltered annuity plan is a retirement plan mostly offered by public schools and certain organizations exempt from tax under IRS Section 501(c)(3).
This Fix It Guide was designed to walk you through a number of mistakes often made on 403(b) reports, including:
- Your organization isn’t eligible to sponsor a 403(b) plan;
- You didn’t adopt a written plan intended to satisfy the law by December 31, 2009.;
- You didn’t follow he terms of your 403(b) written plan; and more.
Visit the IRS website’s 403(b) Plan Fix-It Guide page to help you find and fix mistakes before your next audit.