A:

It depends. While the regulations do allow rollover of assets between 401(k) plans and 403(b) plans, employers are not required to allow rollovers into the plans they maintain. Consequently, the receiving plan (or employer that sponsors/maintains the plan) ultimately decides if it will accept rollover contributions from a 401(k) or other plan. Check with your employer or 403(b) provider to determine if the 403(b) in which you participate allows for rollovers from 401(k) plans.



If the 403(b) does not allow for rollovers, and you are required to distribute the assets from the 401(k) plan because you separate from service with your former employer, you may consider rolling the assets to a Traditional IRA.



This question was answered by Denise Appleby
(
Contact Denise)



RELATED FAQS

  1. How do gains from my 401(k) figure into my taxable income?

    Understand what a 401(k) is and how it's used to help employees save for retirement. Learn how gains from a 401(k) figure ...
  2. Does my employer's matching contribution count towards the maximum I can contribute ...

    Maximize 401(k) contributions on your own without fear; employer contributions are separate and do not hinder you contributing ...
  3. How much will an employer generally contribute to a 401(a) plan?

    Find out how much employers may contribute to an employee's 401(a) retirement plan and why this amount can vary so widely ...
  4. When can benefits be received from a provident fund?

    Find out when participants in provident funds can begin receiving benefits, including how funds can be used to finance important ...
RELATED TERMS
  1. Qualified Longevity Annuity Contract

    A Qualified Longevity Annuity Contract (QLAC) is a deferred annuity ...
  2. Backdoor Roth IRA

    A method that taxpayers can use to place retirement savings in ...
  3. Current Service Benefit

    The amount of pension benefit accrued by an employee who had ...
  4. Self Invested Personal Pension (SIPP)

    A tax-efficient retirement savings account available in Great ...
  5. Elder Care

    Elder care, sometimes called elderly care, refers to services ...
  6. Eligible Transfer

    An IRS-allowed movement of assets into or out of an individual ...

You May Also Like

Related Articles
  1. Stock Analysis

    General Electric Returns Vs The Dow ...

  2. Retirement

    Does it Make Sense to Have an MLP in ...

  3. Stock Analysis

    When Will Google Get Its Mojo Back?

  4. Retirement

    Top Tips for Rebalancing 401(k) Assets

  5. Professionals

    Few Target-Date Managers Invest in Their ...

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!