Page 9 - 000 Complete EBook - 403(b) & 457(b) Test 12202017 1

403(B) ANNUAL UNIVERSAL AVAILABILITY

AND MEANINGFUL NOTICE

You should receive a Universal Availability Notice at least once per year from your employer. The
purpose of the IRS requiring this notice is so you may understand the opportunities afforded by your
employer to participate in the 403(b) Plan and the general rules for the plan. A copy of the notice
can be found at https://www.acgiserve.com/.

What is Universal Availability?

Generally, universal availability means that if an employer permits one employee to defer salary into
a 403(b) Plan, the employer must extend this offer to all employees, other than those whom the law
allows to be excluded. If you fall info one of the following categories, please contact us as you may
not be eligible to participate in the 403(b) Plan.

 Student Teacher: An employee who is a student performing services under a qualified work-study
program described in Section 3121(b)(10) of the Internal Revenue Code.
 Certain part-time employees: Any employee who normally works less than 20 hours per week
and less than 1000 hours per any 12-month period.
 Non-Resident Alien with no U.S. source income.

What is Meaningful Notice?

Generally, meaningful notice means that the employer has a responsibility to give "meaningful
notice" to all employees eligible to participate in the 403(b) Plan and afford them an "effective
opportunity" to make or change elective deferrals.

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