Takeover plan has assets from 457 tax exempt

[leighl]

We have a plan that converted in 2015, so obviously this is time sensitive. The prior recordkeeper reported the 457 tax exempt plan assets with the 403(b) plan assets. Except by amending all prior filings (we don't have the asset breakdown for prior years), how can we correct this issue? Can the assets be shown as a transfer out? I also cannot find a plan number for the 457 plan.

[XTitan]

I'm not very knowledgeable about 5500s by any means, but why is the 457 on the 5500 to begin with? Did the client not file a top hat letter with the DOL? The top hat letter would have had a plan number on it.

A nongovernmental 457 plan must be unfunded and so has no plan assets; sure there may be trust assets or corporate assets set aside to informally fund the benefit, but that's different. Count me clueless on how to rectify.