Guest aem2 Posted June 20, 2001 Share Posted June 20, 2001 Could someone explain why a public school district would want to set up a 401(a) plan rather than or in addition to a 403(B) plan? Thank you. Link to comment Share on other sites More sharing options...
rcline46 Posted June 20, 2001 Share Posted June 20, 2001 A 401(a) plan may be terminated and assets distributed. No such luck with a 403(B) plan. Can have a defined benefit plan under 401(a). No such 403(B) animal. Link to comment Share on other sites More sharing options...
Carol V. Calhoun Posted June 21, 2001 Share Posted June 21, 2001 I suspect that combinations of plans will become more common, since the new law will permit each of those plans to get up to the limit, instead of combining them. Employee benefits legal resource site The opinions of my postings are my own and do not necessarily represent my law firm's position, strategies, or opinions. The contents of my postings are offered for informational purposes only and should not be construed as legal advice. A visit to this board or an exchange of information through this board does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances. Link to comment Share on other sites More sharing options...
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