Types of 403(b) Plans

  • Church Plan
  • Qualified Church Controlled Organization
    • Steeple Church
    • church-controlled tax-exempt organization
  • Non-Qualified Church Controlled Organization
    • receives more than 25 percent of its support from governmental sources, receipts from admissions, sales of merchandise, performance of services, or furnishing of facilities, in activities which are not unrelated trades or businesses, or both
    • Sponsored by a Church Organization – church, a convention or association of churches, or an elementary or secondary school which is controlled, operated, or principally supported by a church or by a convention or association of churches
    • Not subject to reporting, disclosure, vesting and funding requirements of ERISA
    • Universal Availability requirements for Non-QCCO 403(b) plans
    • Non-Discrimination Testing required for non-QCCO based on plan provision
  • Non-ERISA
    • Employee Deferrals Only
    • Limited Employer Involvement
    • Not subject to reporting and disclose requirements of ERISA
    • Has Universal Availability requirement
    • Must comply with 402(g) Limi
  • ERISA
    • Employee Deferrals Only
    • Limited Employer Involvement
    • Not subject to reporting and disclose requirements of ERISA
    • Has Universal Availability requirement
    • Must comply with 402(g) Limit
    • Employer Contributions
    • Subject to all requirements of ERISA
    • Non-Discrimination Testing