FAQs

This section of the Guide is intended to provide administrators of 403(b) plans with answers to questions they are likely to have about the new regulations and their implications for their plans. To make it easier to locate the answers to your questions, we have organized the FAQs into sections, each of which focuses on a different topic.

• Types of plans affected by the new 403(b) regulations
• Types of institutions that are eligible to sponsor a 403(b) plan
• Effective dates of the new regulations
• Transfers, exchanges and rollovers
• Information sharing agreements
• Nondiscrimination
• Contribution limits
• Plan documents
• Terminated or frozen plans
• 403(b) plans vs. 401(k) plans
• Penalties for noncompliance