403(b) loans

[Guest Learner]

The case:

Wife died, and husband is sole beneficiary of her 403(b) annuity.

"The plan will treat the spouse bene as if they were the participant" ???

Details:

The husband is not and never has been employed by a 403(b) sponsor. The wife's plan was sponsored by a public school, funded via salary deferral only.

Question:

Can the 403(b) annuity be put into the husbands name? If so, can the husband take a loan?

[joel]

Yes and yes.