Ready or not: Clarifications, frustrations, and operations of the final 403(b) regulations

The IRS's final 403(b) regulations were published in July 2007, but the agency provided only limited guidance and many questions remain unanswered. The plan document, information-sharing agreements, contract exchanges, fiduciary requirements, plan operations, and IRS Form 5500 are just some of the challenges that 403(b) plans must take on.