David Levine will participate in the Plan Sponsor webcast, “The New World of 403(b) Retirement Plans,” on December 16, 2010 at 12:00 PM (ET).
As 403(b) regulations tighten and financial markets fluctuate, nonprofit organizations are under greater scrutiny. The Department of Labor (DOL) has expanded the Form 5500 reporting and audit requirements that fall on nonprofit plan sponsors. And in 2007, the IRS issued final regulations that updated and consolidated over 40 years of legislative and regulatory guidance, generally effective for taxable years beginning January 1, 2009. As a result of these changes, it’s crucial for nonprofit plan sponsors to understand the new fiduciary responsibilities and to have a due diligence process in place to reduce risk and limit or mitigate fiduciary liability.
This webcast will review the three important areas of the law affecting 403(b) plans:
- Form 5500 Reporting and Audit Requirements
- Fiduciary Duties
- Final IRS Regulations
