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Franklin Templeton Nonsexist Covered 403(b) Plan Application Use this form to open a Nonsexist Covered 403(b) Plan for which AT&T is the Custodian. To open an ERISA-Covered Plan, please use an ERISA-Covered
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The Franklin Templeton 403(b) is a retirement savings plan for employees of tax-exempt organizations. It allows participants to contribute a portion of their salary to the plan, where it can grow tax-deferred until retirement.
Employees of tax-exempt organizations are eligible to participate in the Franklin Templeton 403(b) plan. However, it is not a filing requirement but rather a voluntary retirement savings option.
To participate in the Franklin Templeton 403(b) plan, employees need to complete the enrollment process with their employer. This typically involves completing the necessary forms and designating a contribution amount.
The purpose of the Franklin Templeton 403(b) plan is to provide employees of tax-exempt organizations with a tax-advantaged retirement savings option. It allows individuals to contribute a portion of their salary to the plan, potentially receiving employer match contributions, and grow their investments over time.
The Franklin Templeton 403(b) plan is not a filing requirement. However, participants may need to report their contributions and earnings from the plan when filing their annual income tax return.
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