MagazineJune 23, 2017

403(b) Questions, Answered

When the plan year ends on a weekend; vesting schedules for employer contributions; why the new fiduciary rule covers IRAs not non-ERISA 403(b)s

Ask the experts: (b)LinesJune 13, 2017

(b)lines Ask the Experts – Changing Withdrawal Provisions When Transferring to a 403(b)(1) Annuity Contract

I work with a 403(b)(7) plan with employer matching and employer non-elective contributions in addition to elective deferral contributions. The plan doesn’t permit age 59-1/2 and hardship withdrawals. The plan is transferring to a 403(b)(1) annuity contract and would like to permit age 59-1/2 withdrawals from all sources and hardship distributions of elective deferral contributions.