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Compliance November 12, 2008
NAGDCA Posts IRS 403(b) Expert Interview
November 12, 2008 (PLANSPONSOR.com) - A public fund
trade group has posted a series of video files on the
government's 403(b) regulations in light of the fast
approaching January 1, 2009 deadline.
Reported by Fred Schneyer
The National Association of Government Defined Contribution Administrators (NAGDCA) posted the files on YouTube, the popular Internet video file sharing site.
The files include segments of a comprehensive interview with Robert J. (Bob) Architect, Senior Tax Law Specialist, Employee Plans, Internal Revenue Service, a frequent speaker at recent 403(b) conferences.
When Architect appeared at a recent Boston conference, he told attendees that they do not necessarily have to have information sharing agreements in place by the January 1, 2009 (See IRS’ Architect Dispels Myths about 403(b) Regs).
Architect helped craft the comprehensive regulations covering sweeping changes in the 403(b) space dealing with issues such as the need for a formal plan document and how plan sponsors will be mandated to keep careful track of plan assets and the activities of fund providers.
Architect is also scheduled to appear in an Internal Revenue Service Webinar December 4 (See IRS 403(b) Expert Scheduled for Upcoming Webinar ).
General information about the 403(b) space is available at PLANSPONSOR’s 403(b) Central, here . A subscription to PLANSPONSOR’s bi-monthly electronic newsletter about the 403(b) market, (b)lines , is available here .
If you have trouble seeing the above, you can go here .
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