Offering a 403(b) retirement plan to your employees is about to get a whole lot more interesting! Effective January 1, 2009, nonprofit organizations that offer employees ERISA-covered 403(b) plans will now be required to file an expanded Form 5500 annually with the Department of Labor. Additionally, large 403(b) plans will have to include an audited financial statement with their filings. Because nonprofits have never had to maintain comprehensive 403(b) plan records, this new requirement could be a daunting task, so we encourage you to begin preparing now. View this free webinar to learn about the types of 403(b) plans that are subject to the new audit requirement and what you can do now to get the plan's books and records in shape.
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