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Would someone under the age of 59.5 be able to move their 401(k) elsewhere without incurring a penalty if they are no longer able to contribute to it due to a company retirement plan change?

For years, a company was for profit and employees had 401(k)s. A few years ago they went non-profit and everyone got 403(b)s. They didn't move the money that was in the 401(k)s to the new 403(b)s and they can no longer contribute to the 401(k)s. Would someone under the age of 59.5 be able to move his 401(k) elsewhere without incurring a penalty, since they can no longer contribute to it? This is assuming they still work there, but are now only contributing to the 403(b).

401(k)
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December 2018

Usually if a plan is ended employees have the opportunity to move money out of it.  However, sometimes there is a window that is only open so long to do the transaction.  Your best bet is to ask your HR person or call the company that has the plan and ask them.

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