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ARTICLE · 14 AUGUST 2024

Reminder: Is Your Individually Designed 403(b) Plan Eligible For A Determination Letter?

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Plan sponsors of Code Section 403(b) tax-sheltered annuity plans ("403(b) plans") that have not already done so may want to consider applying for an IRS determination...

United StatesEmployment and HR
Jesse T. Foley
Jesse T. Foley
Katrina McCann
Katrina McCann
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Plan sponsors of Code Section 403(b) tax-sheltered annuity plans ("403(b) plans") that have not already done so may want to consider applying for an IRS determination letter or planning and budgeting for the process next year if they are not yet eligible.

In June, the IRS determination letter program became available to a second group of 403(b) plans – those with plan sponsors that have EINs that end in 4, 5, or 6.

The IRS rollout of this qualified plan determination letter program for 403(b) plans began in June 2023 plans sponsored by employers with EINs that end in 1, 2, or 3 and will continue in June 2025 for plans sponsored by employers with EINs that end in 7, 8, 9, or 0.

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