Jump to content
Sign in to follow this  
AlbanyConsultant

transfer between plans of same employer

Recommended Posts

NFP ER has a non-ERISA 403(b) plan.  For many reasons, this arrangement is no longer satisfactory and they want to 'start fresh'.  They would like to freeze the current plan (I know I can't terminate it and get it all paid out within 12 months) and install a new ERISA 403(b) plan on a single vendor platform.  The participants can transfer their accounts from old plan to new plan even without a distributable event, right?  The catch is that we'd have to preserve distribution options from the old accounts for participants who are still employed at the time of the transfer.

 

Am I missing anything?  Thanks.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×
×
  • Create New...