Tax-Exempt Entity Plans and Church Plans

We are experienced in helping nonprofit entities, including various religious organizations, design retirement plans in accordance with special rules that apply to these entities.  In many cases, we assist nonprofit clients with retirement programs that are designed to receive favorable tax treatment pursuant to Internal Revenue Code Section 403(b). We also assist nonprofit entities with special tax rules that apply to their nonqualified retirement benefits under Internal Revenue Code Section 457.

In a recent situation, we assisted a nonprofit client in replacing its 403(b) annuity program with a 401(k) plan, and, as part of that process, worked with the 403(b) investment funds to offer more favorable investment opportunities to the employees in connection with their 403(b) assets.

For additional information, contact John J. Jacobson (860) 240-1006, jjacobson@reidandriege.com, John V. Galiette (860) 240-1009, jgaliette@reidandriege.com or Ron Koniuta (860) 240-1034, rkoniuta@reidandriege.com.