Guest alan24 Posted November 30, 2004 Posted November 30, 2004 Does anyone have any new information regarding legislation which would permit the rollover and/or merger of 403(b) plans into 457 plans?
Lori Friedman Posted November 30, 2004 Posted November 30, 2004 I'm guessing that you're talking about public school employees rather than employees of 501©(3) organizations? It wouldn't serve the best interests of an exempt organization's employee to convert his/her protected assets (annuity contract or custodial account) into the organization's general assets and possibly subject them to the substantial risk of forfeiture requirement. Lori Friedman
mbozek Posted November 30, 2004 Posted November 30, 2004 403b plan assets cannot be merged with another type of plan because there are no assets held by a trustee. The employees own the annuity contract or custodial account. mjb
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