Thank you to AIG VALIC for providing these 403(b) resources.
Comment Letter to the IRS – Submitted April 10, 2008 by ASBO's Retirement Plan Council in response to member concerns, requesting IRS clarification and guidance on a number of statements in IRS Rev. Proc. 2007-71 that were confusing.
Do public schools have a fiduciary duty to review the investment products available under 403(b) plans? by AIG Retirement in May 2008
Fiduciary Issues and the Final 403(b) Regulations - Do the final 403(b) regulations cause public education employers to become plan fiduciaries? This and other questions on the topic have been causing great concern among ASBO members. Here are answers from ASBO to help alleviate the confusion.
This revenue procedure provides 403(b) Model Plan language that may be used by public schools
Overview of the 403(b) regulations published July 24, 2007 by AIG VALIC
Transfer Rules-IRS Clarification September 18, 2007 by AIG Retirement Services Legal Department