Gilmore Posted April 24, 2017 Posted April 24, 2017 An employer has a 401(k) plan for the staff and a 403(b) for their union employees. A former staff 401(k) participant is not a union employee. There are no distribution options available to the employee in the 401(k) plan. Is it possible for the participant to request an elective transfer from the 401(k) to the 403(b)? Did EGTRRA create an exception that allowed an elective transfer between dissimilar plans, and if so, would that apply in this situation? Thanks.
Gilmore Posted April 25, 2017 Author Posted April 25, 2017 Never mind. I see in the EOB where it explains that elective transfers between 401k and 403b are not permitted except in the case of certain church plans.
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