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Old Frozen 403b / Individual Contracts / Fiduciary Liability?
BenefitsLink Message BoardsLink to more items from this source
July 16, 2021

"Client has an old 403b; pre-1/1/09 contracts. They need to sign off on distributions and she wants to know if she has any fiduciary liability with respect to these old contracts. They are all individual contracts, such that they cannot move them to a new provider without consent and they cannot change the funds available as they would in a 401k because they are essentially IRAs. I gather the answer is 'yes'."

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