Statements (47)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Internal Revenue Code section
|
| gptkbp:administeredBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:allows |
tax-deferred contributions
|
| gptkbp:alsoKnownAs |
gptkb:Tax-Sheltered_Annuity_Plan
|
| gptkbp:appliesTo |
public schools
tax-exempt organizations certain ministers |
| gptkbp:catchUpContributionLimit2023 |
$7,500
|
| gptkbp:codifiedIn |
gptkb:Title_26_of_the_United_States_Code
|
| gptkbp:compatibleWith |
real estate investments
individual stocks |
| gptkbp:contributionLimit2023 |
$22,500
|
| gptkbp:earlyWithdrawalPenaltyAge |
59½
|
| gptkbp:eligibleEmployees |
school administrators
teachers certain clergy employees of 501(c)(3) organizations |
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:establishedIn |
1958
|
| gptkbp:excludes |
ERISA (in some cases)
|
| https://www.w3.org/2000/01/rdf-schema#label |
Section 403(b)
|
| gptkbp:investmentsAllowed |
annuities
mutual funds |
| gptkbp:minimumDistributionAge |
73 (as of 2023)
|
| gptkbp:penaltyForEarlyWithdrawal |
10% (with exceptions)
|
| gptkbp:permits |
employer contributions
hardship withdrawals employee salary deferrals Roth contributions loans (if plan allows) rollovers from other retirement plans |
| gptkbp:purpose |
retirement savings
|
| gptkbp:regulates |
gptkb:Employee_Retirement_Income_Security_Act_(ERISA)
|
| gptkbp:relatedTo |
gptkb:Section_401(k)
gptkb:Section_457(b) |
| gptkbp:requires |
written plan document
|
| gptkbp:subject |
early withdrawal penalties
annual reporting requirements contribution limits set by IRS nondiscrimination testing Form 5500 filing (if ERISA applies) Required Minimum Distributions universal availability rule vesting schedules (if employer contributions) |
| gptkbp:taxationOnWithdrawal |
ordinary income tax
|
| gptkbp:bfsParent |
gptkb:Section_401(k)
|
| gptkbp:bfsLayer |
6
|