Tag: 403(b) Plans

Business Law & Regulations, Finance

Proposed Legislation Would Allow 403(B) Plans to Invest in Lower-cost Collective Investment Trusts

June 8, 2023

Via: JD Supra

CITs, which are a type of common law trust, can have a number of advantages over mutual funds. Generally, CITs can be set up more quickly than mutual funds and can also be less expensive to maintain. In particular, CITs […]

Tax Code, Regulations and Guidance

IRS Updates LRMs for 403(b) Plans

April 27, 2022

Via: JD Supra

The IRS recently issued an updated Listing of Required Modifications and Information Package (known as the “LRMs”) for 403(b) plans. These LRMs contain quite a few changes, from simple clarifications and explanatory notes, to more substantive revisions to plan language […]