IRS Targets University 403(b) Plans

The Compliance Unit under the Employee Plans division of the Internal Revenue Service has begun a project to gather information from institutions of higher learning concerning compliance with the universal availability requirement for 403(b) plans. Questionnaires will be sent to a random national sample of 300 large, medium and small public and private higher education organizations sponsoring 403(b) plans. Click here for a paper from PWC on the topic.