Compliance April 21, 2016

IRS Hosts Webcast About 403(b) Universal Availability Rules

The webcast will address treatment of adjunct faculty at universities and treatment of part-time, seasonal and temporary employees, among other things.
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The Internal Revenue Service (IRS) is hosting a free webcast, “Understanding the Universal Availability Rules in a 403(b) Retirement Plan.”

Attendees of the webcast will learn about:

  • Basic universal availability rules;
  • Treatment of adjunct faculty at universities;
  • Treatment of part-time, seasonal and temporary employees;
  • The 20 hours per week and the 1,000 hours rules;
  • Controlled group situations and concerns;
  • Mayo ruling on medical residents and its impact;
  • The required notice to employees each year; and
  • Ways to find, fix and avoid universal availability errors.

The event will be held May 19 at 2 p.m. ET. Registration is here.

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