If you administer a 403(b) plan you should be familiar with the term “universal availability”. This concept means that, as a general rule, all employees must be allowed to make elective deferrals into ...

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) last week provided transition relief for plan administrators of 403(b) plans who make a good faith effort to comply with ...

New IRS Notice 2024-73 provides important clarity on long-term part-time (LTPT) employees' eligibility for participation in 403(b) plans. While 403(b) plans are subject to many of the same rules that ...

A 403(b) plan is a tax-advantaged retirement savings plan designed for employees of certain tax-exempt organizations, such as public schools, colleges, universities, hospitals, and religious ...

Both 401(k) and 403(b) plans are employer-sponsored retirement plans, but there are key differences between the two plans that are important to highlight. Simply put, a 403(b) plan is a type of ...

One of the principal drivers of 403(b) Plans for governmental agencies is that when they are combined with a governmental 457(b) Plan, employees eligible for both plans may “double dip.” This is a ...

The Roth 403(b) contribution source option offers the potential for tax-free retirement income. Unlike a traditional pretax 403(b) the Roth 403(b) allows you to contribute after-tax dollar and then ...

Changes to the JHU 403(b) plans are making it easier for employees to save for their futures. Two recently announced enhancements have been designed to help you build your retirement savings ...

I turned 51 years old six months ago and forgot to adjust my employer retirement account settings to max out my contributions this year. As a result, I contributed $23,000 to my 403(b) and $23,000 to ...

403(b) retirement plans are offered by schools and tax-exempt charitable organizations. Like 401(k) plans, 403(b) plans allow participants to set aside money for retirement as well as receive ...

I turned 51 years old six months ago and forgot to adjust my employer retirement account settings to max out my contributions this year. As a result, I contributed $23,000 to my 403(b) and $23,000 to ...