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Return to Publications and Resources > Tools and Resources
403(b) Retirement Plan Web Resource Center
Take charge of your district’s retirement plan responsibilities with ASBO’s 403(b) resources, a suite of educational tools and samples that will help you understand, organize, and implement each step of your district’s 403(b) plan. Bookmark this page to check back for additional resources.
IRS Web Resources
The IRS has web resources at www.retirementplans.irs.gov, to help employers navigate through tax-favored retirement plan options, including 403(b) plans, and to make it easier for their employees to save for the future. It encourages small business owners to establish retirement plans by helping them choose the right plan for their business. The site also promotes compliance with tax law by providing information and resources on maintaining plans and correcting plan errors.
ASBO 403(b) Council’s Summary of NTSAA Compliance Resolution Summit Report
Read ASBO's 403(b) Council’s summary and comments on the 2009 National Tax Sheltered Accounts Association (NTSAA) 403(b) Compliance Resolution Summit report. Here is what you need know about the key findings of the June 2009 NTSAA summit and how ongoing work may help your district’s 403(b) plan achieve compliance.
403(b) Compliance Resolution Summit
The National Tax Sheltered Accounts Association (NTSAA) released a report on its 403(b) Compliance Resolution Summit held in June 2009. The summit was called to help resolve widespread service issues in the 403(b) marketplace, particularly the public school and community college sector sponsoring non-ERISA 403(b) plans. Representatives from third party administrators, product providers, technology firms, and invited guests from ASBO International, the IRS, the Investment Company Institute, and the American Society of Pension Professionals and Actuaries had a frank and open discussion of the problems and potential solutions of 403(b) compliance.
Common service obstacles included the following: repetitive authorizations and processing, product providers having insufficient information on plan administration, inconsistent information on plan features and terms, inflexibility in processing, and unrealistic expectations. The participants recognized the lack of standardization across compliance processes as a central underlying problem.
The large group of 100 conferees was split into four subgroups that conducted workshops based on identified problem areas: loans and hardships, rollovers and distributions, transfers and exchanges, and deselected providers and grandfathered accounts. Two task forces were formed to implement and facilitate the post-summit follow up activities and standardization goals.
ASBO’s 403(b) Council is working on a summary of key points of specific importance to school business officials and will also communicate on the progress of the NTSAA task forces as that information becomes available.
Developing a Successful TPA/Investment Provider Relationship for a School’s 403(b) Plan
K-12 public school administrators whose plans include multiple investment providers or who must include the orphan accounts of deselected providers in their compliance activities have several options in addressing the obligation to coordinate compliance across those respective providers.
 Download more information (142K file).
403(b) Compliance Book
Section 403(b) Compliance Guide for Public Education Employers, Third Edition, by Ellie Lowder, includes all of the recent changes to IRS regulations and emphasizes presenting important information to aid in instituting and updating compliance procedures to avoid defects in 403(b) programs.
403(b) at ASBO's 2009 Annual Meeting
If you attended ASBO's 2009 Annual Meeting in Chicago, you can re-experience the 403(b) sessions through the Live Learning Center for free. But even if you were not there, you can still purchase access to the following sessions for only $25 a session ($35 for non-members):
Please Note: You will need Adobe Acrobat to view these files.
Click here to find a FREE download of Adobe Acrobat Reader.
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