Products May 21, 2008
ING Releases 403(b) Plan Document
ING released 403(b) documents for 501(c)(3) non-profit organizations.
Reported by Fred Schneyer
The documents are designed to help non-profit sponsors meet IRS requirements, which require 403(b) plans to have a formal document in place by January 1 (see 403(b) Summit: Plan Document Preparation not an Easy Task).
Through using an ING 403(b) plan document, sponsors will get automatic updates of future regulatory changes, ING said in a press release.
In March, ING offered plan documents to public school districts in order to help them understand the new regulations (see ING Releases 403(b) Plan Documents). ING also provided plan sponsors with a toolkit to help them meet the new IRS information sharing requirements, which took effect last fall.
More information is available at www.ing.com/us/403bregs.