AlbanyConsultant Posted November 1, 2017 Report Share Posted November 1, 2017 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. Link to comment Share on other sites More sharing options...
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