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Practice Management

Proof of Timely Adoption

Q. What is proof that a 403(b) plan has been adopted in a timely manner?

A. Proof that a 403(b) plan has been timely adopted may include the following: 

  • date-appropriate employee handbooks that provide highlights of the 403(b) plan;
  • employer communications about the plan; 
  • annuity contracts;
  • custodial account agreements;
  • salary reduction agreement; and
  • employment contracts.