Nonelecitve Xfer Between 401k and 403b?

[austin3515]

Am I correct that there is no way to do a nonelective transfer between a 401k and a 403b? Trying to swoithc a 401k client over to a 403b and wanted to know if it was possible to do nonelective transfers from one plan to the other.

NOTE: We would not be terminating the 401(k) plan - the union employees would be remaining in the 401k Plan.

[Bill Presson]

Am I correct that there is no way to do a nonelective transfer between a 401k and a 403b? Trying to swoithc a 401k client over to a 403b and wanted to know if it was possible to do nonelective transfers from one plan to the other.

NOTE: We would not be terminating the 401(k) plan - the union employees would be remaining in the 401k Plan.

If you find a way, let me know. We haven't found a way.

[austin3515]

One thing I thought of was to allow people to voluntarily elect to transfer their "nonelective" balances over to the new plan. But I wanted to restrict the option exclusively to in-service distributions that are rollovers to the 403b plan. So I don't want to open the plan up to any in-service distributions, just this specific purpose.

The benefit of this is that people with juyst the nonelective will now fall of my audit counts.

That works, right?