Form 5500 tax filings
401 (k) benefit plan audits
Discriminatory plan testing
Change to complance for 403(b) plans:
1. Manditory filing with the Department of Labor and with the Internal Revenue Service
2. Written plan now required
3. Required to calculate the value of plan assets and the related activity for the plan year
4. Emplyers are required to permit all employees to participate, unless the plan document specifically excludes a class of employees
5. Plan sponsors will be held accountable for late employee derferral deposits.
