Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can employees transfer §403(b) accounts to vendors not approved by the employer for salary deferrals?

April 26, 2017accounts Approved deferrals employees employer salary transfer vendors

0

Posted

Can employees transfer §403(b) accounts to vendors not approved by the employer for salary deferrals?

1 Answer

0

Posted

Yes, if the employer’s plan allows for exchanges and the vendor enters into an agreement with the employer to supply information on distributions (especially hardships and terminations from employment) and loans.