IRC 403(b) Tax-Sheltered Annuity Plans - Index to T.D. 9340 - 403(b) final regulations


T.D. 9340 - 403(b) final regulations

Background (p 4)

Preamble - Explanation of provisions

Overview (p 8)

Written plan requirement (p 10)

Contract exchanges, plan-to-plan transfers, and purchases of permissive service credit (p 13)

  • Contract exchanges (p 14)
  • Plan-to-plan transfers (p 17)
  • Purchases of permissive service credit and certain repayments (p 18)

Limitations on contributions (p 18)

Catch-up contributions (p 20)

Timing of distributions and benefits (p 21)

Severance from employment (p 24)

Section 401(a)(9) (p 25)

Loans (p 25)

QDROs (p 25)

Taxation of distributions and benefits from a section 403(b) contract (p 26)

Section 403(b) nondiscrimination and universal availability rules (p 26)

  • Nondiscrimination (p 26/27)
  • Universal availability for elective deferrals (p 28)

Rules relating to funding arrangements (p 31)

Special rules for church plans’ retirement income accounts (p 31)

Termination of a section 403(b) plan (p 33)

Effect of a failure to satisfy section 403(b) (p 34)

Requirement of certain separate accounts under section 403(b) (p 35)

Designated Roth accounts (p 36)

Interaction between title I of ERISA and section 403(b) of the Code (p 36)

Treatment of controlled groups that include tax-exempt entities (p 39)

Employment taxes (p 41)

Effect of these regulations on other guidance (p 42)

Applicability date (p 44/45)

§1.402(b)-1(a)(2) Determination of amount of employer contributions (p 49)

§1.402(g)(3)-1 Employer contributions to purchase a section 403(b) contract under a salary reduction agreement (p 50)

§1.402A-1 Designated Roth accounts (p 51)

§1.403(b)-0 Taxability under an annuity purchased by a section 501(c)(3) organization or a public school

§1.403(b)-1 General overview of taxability under an annuity contract purchased by a section 501(c)(3) organization or a public school (p 54)

§1.403(b)-2 Definitions

(a) Application of definitions (p 54)
(b) Definitions (p 54)

§1.403(b)-3 Exclusion for contributions to purchase section 403(b) contracts

(a) Exclusion for section 403(b) contracts (p 59)
(b) Application of requirements (p 62)
(c) Special rules for designated Roth section 403(b) contributions (p 64)
(d) Effect of failure (p 65)

§1.403(b)-4 Contribution limitations

(a) Treatment of contributions in excess of limitations (p 68)
(b) Maximum annual contribution (p 69)
(c) Section 403(b) elective deferrals (p 70)
(d) Employer contributions for former employees (p 78)
(e) Special rules for determining years of service (p 80)
(f) Excess contributions of deferrals (p 84)

§1.403(b)-5 Nondiscrimination rules

(a) Nondiscrimination rules for contributions other than section 403(b) elective deferrals (p 86)
(b) Universal availability required for section 403(b) elective deferrals (p 88)
(c) Plan required (p 91)
(d) Church plans exception (p 91)
(e) Other rules (p 92)

§1.403(b)-6 Timing of distributions and benefits

(a) Distributions generally (p 92)
(b) Distributions from contracts other than custodial accounts or amounts attributable to section 403(b) elective deferrals (p 92)
(c) Distributions from custodial accounts that are not attributable to section 403(b) elective deferrals (p 92)
(d) Distribution of section 403(b) elective deferrals (p 93)
(e) Minimum required distributions for eligible plans (p 94)
(f) Loans (p 98)
(g) Death benefits and other incidental benefits (p 99)
(h) Special rule regarding severance from employment (p 100)

§1.403(b)-7 Taxation of distributions and benefits

(a) General rules for when amounts are included in gross income (p 100)
(b) Rollovers to individual retirement arrangements and other eligible retirement plans (p 101)
(c) Special rules for certain corrective distributions (p 103)
(d) Amounts taxable under section 72(p)(1) (p 103)
(e) Special rules relating to distributions from a designated Roth account (p 104)
(f) Certain rules relating to employment taxes (p 104)

§1.403(b)-8 Funding

(a) Investments (p 105)
(b) Contributions to the plan (p 105)
(c) Annuity contracts (p 106)
(d) Custodial accounts (p 107)
(e) Retirement income accounts (p 108)
(f) Combining assets (p 109)

§1.403(b)-9 Special rules for church plans

(a) Retirement income accounts (p 109)
(b) Retirement income account defined (p 109)
(c) Special deduction rule for self-employed ministers (p 112)

§1.403(b)-10 Miscellaneous provisions

(a) Plan terminations and frozen plans (p 112)
(b) Contract exchanges and plan-to-plan transfers (p 113)
(c) Qualified domestic relations orders (p 118)
(d) Rollovers to a section 403(b) contract (p 118)
(e) Deemed IRAs (p 119)
(f) Defined benefit plans (p 119)
(g) Other rules relating to section 501(c)(3) organizations (p 120)

§1.403(b)-11 Applicable date

(a) General rule (p 120)
(b) Collective bargaining agreements (p 120)
(c) Church conventions (p 120)
(d) Special rules for plans that exclude certain types of employees from elective deferrals (p 121)
(e) Special rules for plans that permit in-service distributions (p 122)
(f) Special rule for life insurance contracts (p 123)
(g) Special rule for contracts received in an exchange (p 123)

§1.414(c)-5 Certain tax-exempt organizations (p 123)