Several not-for-profit organizations are contemplating a merger. One of the entities sponsors a 403(b) plan that is subject to ERISA (includes employer match), while two other entities sponsor non-ERISA 403(b) arrangements.
The entities sponsoring the non-ERISA plans will cease existence as part of the merger. Will employees of these former entities be able to transfer custodianship/trusteeship of their 403(b) accounts over to the surviving organization's ERISA 403(b) arrangement?
Full Version: Merger of Non-ERISA and ERISA 403(b) Plans
They should be able to elect to transfer their accounts to the ERISA plan. However, the employer cannot required that the amounts be transferred.
mweddell
if a tax exempt company has a 10pct mppp, should the 5500 reflect a 403b plan or a 401a plan.
the plan is with an insurance company and looks as if it is on a basic mppp plan for tax exempt employers.
i am wanting to terminate the plan and roll over the mppp contributions to the 401k plan.
do you see an issue with this?
please help
if a tax exempt company has a 10pct mppp, should the 5500 reflect a 403b plan or a 401a plan.
the plan is with an insurance company and looks as if it is on a basic mppp plan for tax exempt employers.
i am wanting to terminate the plan and roll over the mppp contributions to the 401k plan.
do you see an issue with this?
please help
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