AUL Retirement Services to present free seminar on new 403(b) regulations for nonprofit organizations
Contact:
Beth King, APR, Media Relations Manager
(317) 285-4168 or beth.king@oneamerica.com
For Immediate Release:
Nashville, Tenn., (Oct. 16, 2008) – New IRS mandated 403(b) retirement plan regulations are shaking up the nonprofit world. Consequently, many area benefit administrators are in the dark when it comes to understanding how these new rules will affect their employees’ retirement plans. Effective Jan. 1, 2009, new 403(b) plan regulations include requirements for:
• Maintaining a written plan document, which takes effect Jan. 1, 2009
• Making asset transfers
• Offering universal availability
As the 2009 deadline nears, nonprofit plan sponsors are working to become compliant with the new regulations to avoid tax penalties. In an effort to educate area nonprofits on the new rules, A.D. Vallett & Co.; Lattimore Black Morgan & Cain, PC (LBMC) and AUL Retirement Services are joining forces to host a free informational seminar, Thursday, Oct. 30 from 11:30 a.m. to 1 p.m. at the LBMC conference room, 5250 Virginia Way, Brentwood, Tenn.
“The new 403(b) rules can be difficult to navigate and also can potentially leave area nonprofit organizations vulnerable to hefty IRS fines, said Darrin Yappen, regional sales director for AUL Retirement Services. “The goal of this seminar is to bring together local nonprofit organizations and an advisory group of certified public accountants, attorneys, financial advisors and an experienced plan provider to offer insight into the 2009 regulations.”
Seminar participants will have the opportunity to ask questions and discuss their concerns. Additionally, they’ll discover ways to better prepare and comply with the regulations.
About AUL Retirement Services
American United Life Insurance Company® (AUL) is the founding member of OneAmerica® and offers a wide range of retirement plans, products and services for individuals and employers. As a leader in the retirement services industry, AUL provides local service through a national network of experienced professionals specializing in the 401(k) and 403(b) and 457 (nonprofit) markets.
About AUL
American United Life Insurance Company® (AUL), a OneAmerica® company, is focused on providing a strong portfolio of products for individuals, families and small businesses. AUL utilizes a national network of experienced professionals specializing in an extensive menu of financial products, including life insurance, annuities and employee benefits. The company helps consumers plan for tomorrow by creating, leveraging and protecting their financial futures.
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Registered Representative and securities offered through OneAmerica Securities, Inc., Member FINRA, SIPC, P.O. Box 1984, Indianapolis, IN 46206, (317) 285-1877, which is a wholly owned subsidiary of AUL.
Note to reporters: To cover the Oct. 30 event, please call OneAmerica Media Relations Manager Beth King, APR at (317) 285-4168.
