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Practice Management

Transfers Between 403(b)s

Q. Are there any limitations to transfers from one 403(b) to another? 

A. A plan-to-plan transfer is specific to 403(b)s only and must be transferred between 403(b) plans. No distributable event is required and it is not reported. The only requirements are that both 403(b) plans must permit the transfer and the participant is transferring to a 403(b) where they were or are an employee of that employer.