Compliance February 26, 2019

IRS Asks for Comments Regarding 403(b) Plan Auto Enrollment

The request regards information collection for Revenue Ruling 2000-35, which describes certain criteria that must be met before an employee's compensation can be reduced and contributed to an employee's section 403(b) plan in the absence of an affirmative election by the employee.

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The IRS is inviting the general public and other Federal agencies to comment on proposed and/or continuing information collections concerning Revenue Ruling 2000-35, Automatic Enrollment in Section 403(b) Plans.

According to the agency’s request, Revenue Ruling 2000-35 describes certain criteria that must be met before an employee’s compensation can be reduced and contributed to an employee’s section 403(b) plan in the absence of an affirmative election by the employee.

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Comments are invited on:

  • Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility;
  • The accuracy of the agency’s estimate of the burden of the collection of information;
  • Ways to enhance the quality, utility, and clarity of the information to be collected;
  • Ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and
  • Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.
More information is found in the Federal Register.

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