Guest SJP Posted March 17, 2003 Posted March 17, 2003 A 501c3 entity has terminated their 403b plan and started a 401k. The 403b was an ERISA type with employer contributions and vesting (including a plan document and 5500's). Upon termination of the 403b the employer gave participants the options of leaving their $ in the 403b, transferring their account to the 401k, or taking cash. I have noticed from my research and other postings on this (excellent) site that terminating a 403b does not change the requirement of needing a distributable event to take money out of the 403b plan. However, it would seem that with all the portability provisions in EGTRRA that there would be a way to at least merge the plans. Is this an oversite ? Are there any recent PLR's on the subject ?
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