In a special edition of Retirement News for Employers, the IRS provides a summary of the Final 403(b) Regs.
One highlight of the summary is the statement that the Final 403(b) Regs also contain a provision not related to 403(b) plans. In the language of the IRS summary:
Finally, the 414(c) regulation addresses aggregation to determine the employer for control group benefit purposes for all exempt organizations (not governments), except churches, based upon an 80% director or trustee common control test.
[tags]403(b), controlled group, 414(c), regulations, IRS, plan document, pension, retirement, ERISA[/tags]
