IF YOUR SCHOOL RECEIVES AN IRS QUESTIONNAIRE ABOUT ITS 403(B) PROGRAM, YOU SHOULD READ THIS E-BULLETIN BEFORE RESPONDING!
While many schools have been busy considering how to best comply with the 403(b) regulations when issued in final form, we want to warn you of a more immediate concern. Your school is likely to receive a questionnaire from the Internal Revenue Service asking about your 403(b) program. Your school should be very careful in how you complete the questionnaire.
Read why.