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Member, Beacon International Group, Ltd.
WASHINGTON--All 403(b) savings plans, including those funded solely through salary deferral, will be required to provide participants with plan documents under final rules issued Monday jointly by the Internal Revenue Service and the Treasury Department.
Currently, the plan document requirement applies only to 403(b) arrangements, which are the nonprofit world's equivalent to 401(k) plans, to which employers contribute.
The rules would take effect Jan. 1, 2009.