403b rollover to 401(k) plan

[PensionNewbee]

An employee who has "an old" 403(b) account wants to roll the account into his current employer's 401(k) plan. This can now be done, correct?

[Belgarath]

I'm not sure what is meant by "an old" 403(b) account, but yes, 403(b) accounts can now be rolled to a 401(k) plan. But you might want to do some checking - the 401(k) plan language must permit it - they are not required to permit it. And some 403(b) accounts have basis, and the 401(k) plan MUST account for this basis separately if it accepts it as a rollover.

From my own perspective, I can't imagine why a 401(k) Plan Administrator would ever want to accept rollovers, but obviously many do.