Wrongful Termination Award be put into a 403b from CD?

[Guest traacker]

Divorce issue is that spouse won a wrongful termination lawsuit prior to our marriage, and was awarded $54,000 which she deposited into a CD, and it has been sitting there ever since.

Now, the balance of her 403b is $184,000 dollars attained during the marriage.

Her claim now in the settlement is that her 403b balance is offset by the $54,000, so for settlement purposes, she only needs show $150,000 as a marital asset.

My question is: Is that even possible?

Seems as though deferred compensation is meant to be from your employer and that it must be “deferred” by the employer into the plan, no other way.

Can a lump sum of cash somehow find its way into a 403b any possible way?

[Chaz]

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