Transcription of Getting help - TIAA
{{id}} {{{paragraph}}}
Example: tourism industry
Getting help - TIAA
Making sense of 403(b) transfers and rolloversPlan sponsors want to make it easy for their employees to participate and make the most of the tax-deferred benefits of their 403(b) plans. This includes making sure that employees understand the options available to them if they want to move their assets within or outside of their 403(b) plans. However, the rules governing rollovers and exchanges in the 403(b) world can still be confusing despite being in effect for some time now. By better understanding and communicating the differences among the various options available to transfer assets, you can help your employees navigate these is it complicated?Prior to the issuance of the final 403(b) regulations in 2007, which became effective in 2009, Revenue Ruling 90-24 allowed direct transfers between 403(b) contracts without employer involvement. This could take place as long as the receiving contract or custodial account included distribution restrictions that were the same as or more restrictive than the distribution restrictions in the contract or account that was being exchanged.
Making sense of fi˚˛(b) transfers and rollovers Contract exchange A contract exchange is a transfer made within the same 403(b) plan among the funding vehicles approved under the
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: