PS Posted March 4, 2021 Report Share Posted March 4, 2021 I'm assisting with the 403 B plan termination for the first time, this has a GCA ( Group Custodial Agreement) how different is the termination process? What are the keys factors that I will need to look into it. There are participants who have outstanding loans, when a 401K plan terminated the participants will be allowed to roll over the loans into the acquiring company plan how does it work with 403 B GCA( Group Custodial Agreement)? Can funds be liquidated and cashed out? Can the funds be rolled over only to a retirement plan or can it be rolled over to an IRA? For non-responsive participants - Generally when a 401k plan terminates participants are given at least 30 days to make/take distribution of their choice, what is the time period provided for participants with 403 B? can the funds be rolled over to an IRA if they don't respond? Any material that I can refer? Link to comment Share on other sites More sharing options...
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