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PLANSPONSOR | Top Considerations for 403(b) Plans in 2024

April 24, 2024 – PLANSPONSOR

Sponsors of 403(b) plans have some new choices to consider in 2024. Under the SECURE 2.0 Act of 2022, plan sponsors can add new features to their 403(b) plans to increase opportunities for participation and access to retirement plan funds. Separately, the Internal Revenue Service (IRS) recently expanded its determination letter program to include individually designed 403(b) plans. This affords plan sponsors that do not use a service provider’s pre-approved plan document a helpful new avenue to seek approval of their 403(b) plans in written form. 

Click here to read the full article written by Shalina Schaefer and published by PLANSPONSOR.

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