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.
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