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"Merging" two 457(b) Plans of related tax exempt entities


Guest Rosemary

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Guest Rosemary

Is there a way to transfer the assets and liabilities of one 457(b) plan, sponsored by a tax exempt entity, to the tax exempt parent entity, without the participant having a termination of employement?

In essence, I am trying to combine two 457(b) plans from two legally seperate, but related, tax exempt organizations. I do not want to force the participants to incur a tax liablity either with a plan termination nor will there be a severance of employment.

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