403(b) exchange/transfer

[Nassau]

A Participant is thinking of enrolling in a plan & moving his balances in two former employer 403b7 plans @ ABC Co. into the 403b7 @ DEF Co.

Both of the two plans he is looking into moving have pre87 dollars (about $95k total) that are grandfathered. He knows that VG does not keep track of grandfathered dollars and is aware that he must do it. He is willing to do that.

There is a question of: Does the ppt lose the grandfathered status of the pre87 403b7 balances in these two plans if he moves them from ABC Co. plan @ DEF Co.?

He knows he would lose the status if he moved them to an IRA. ABC Co. told him he would not lose the status if he moved the plans to the 403b7 he has @ ABC Co.

He would rather move them to DEF Co.

[Appleby]

Nassau, Who is VG?

If DEF tracks the amounts, the account keeps the grandfathered status

[J Simmons]

VG is boglehead-speak for Vanguard, and the actual identity of DEF Co.

[Appleby]

VG is boglehead-speak for Vanguard, and the actual identity of DEF Co.

Goog to know...