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Practice Management

Plan-to-Plan Transfers

 

Q. When are plan-to-plan transfers between 403(b) plans permitted?

A. Plan-to-plan transfers between 403(b) plans are permitted if:

  • the terms of the transferring and receiving plans allow these transfers;
  • the transferred assets belong to a current or former employee of the receiving plan’s sponsor;
  • the accumulated benefit after the exchange is at least the same as before the exchange; and
  • any benefit restrictions of the transferring plan are maintained by the receiving plan.