Guidance on Sections 403(b) and 409A

Abstract

Treasury and Internal Revenue Service have issued detailed new regulations for tax-sheltered annuity arrangements under section 403(b) of the Code and non-qualified deferred compensation programs subject to section 409A of the Code. The article discusses the most important provisions of the regulations, describes the actions that affected employers must take, and summarizes the affective dates of the rules.

Keywords: IRS, treasury, tax-sheltered annuity, section 403(b), section 409A