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BenefitsLink Message Boards > Retirement Plans > 403(b) Plans, Accounts or Annuities
HD WILLIAMS
Can a non-profit org. convert a MPP to a 403(B) plan? If so or if not, can you please cite a reference? Thanks!
CVCalhoun
I'd say it depends on the MPP. If the MPP was a 401(a) plan, I cannot see how money could be transferred from a 401(a) plan to a 403(B) plan. (You can click here to see an article which describes the current law restrictions on transfers between 401(a) and 403(B) plans.) However, I have seen an occasional MPP which is structured as a 403(B) plan, in which case converting it into a different type of 403(B) plan should not be a problem.
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