We have a former employee that has submitted paperwork from a 403(b) providor, to move her Ohio Deferred Comp funds (457)to the 403(b) providor. Wouldn’t she need to contact Ohio Deferred Comp to start the process to move funds from her 457 to that providor? I am not sure what role we as an employer would have for her moving funds from OHDEF to a 403(b) account. Are there IRS regulations that require the employer to be involved in distributions of a governmental 457?
Thank you,