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Allowing 403 b rollovers into a 401 k plan


Guest Pully

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What is the lastest legislation regarding the ability to roll 403 b monies into a 401 k plan. Non profits have had access to 401 k since jan 1 1998 but can't roll old 403 b assets to this type of plan.What is new on this subject?

Guest rsmelson
Posted

According to yesterdays Daily Tax Report, Rep. Pomeroy's Retirement Account Portability Act of 1998 (HR 3503) was discussed on Tuesday by a panel that advises the Labor Secretary. H.R. 3503's Senate companion is S. 2329. You may want to contact his legislative assistant to see about the chances for passage.

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