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IRS Releases Issue Snapshots for 457(b), 403(b) and 401(a) Defined Contribution Plans
In August 2021, the Internal Revenue Service (IRS) released updated Issue Snapshots that provide analysis, audit tips, indicators and other resources for a particular technical tax issue. The two recently released Snapshots include: 1) the written plan requirements of an Internal Revenue Code (IRC) Section 457(b) eligible deferred compensation plan; and 2) the application of the IRC Section 415(c) when a 403(b) plan is aggregated with a Section 401(a) defined contribution (DC) plan.
The Issue Snapshots that pertain to 457(b) and 403(b)/401(a) DC plans are available respectively here and here.