403(b)(7) new regulations as of yearend 2009
what is the year end regulation as of 2009 that I am hearing about on the 403(b) (7)?
Could you clarify that?
as of yearend all 403(b) (7) plans have to be rolled into a retirement plan openned to all eligible employees to participate otherwise all contributions made in 2009 are non qualified. is that correct? some one saw that on the IRS.gov website and I can not find it.
Permalink Submitted by Alan Spross on Wed, 2010-04-07 04:49
Perhaps this is what they were referring to. Click on universal availability:
http://www.irs.gov/retirement/article/0,,id=172433,00.html#u1