Wednesday, November 11, 2009

massnonprofit.org ::

massnonprofit.org ::: "November 6, 2009 — Thanks to changes in tax law it is now more complicated than ever for nonprofit and educational organizations to administer 403(b) retirement plans, since new guidelines from the IRS and Department of Labor demand increased employer involvement in the documentation and operation of these plans.

While the Department of Labor (DOL) has stepped in to relax some of the requirements, the responsibility is still on the employer."

No comments: