Denise, every plan has a Third Party Administrator, or TPA, which, as the name implies, administers the plan. The TPA needs to ‘amend’ the plan to allow it to make the conversions. So my recommendation is to call HR and
J, I don’t have all the facts, but typically in a 403(b) plan, there are a limited number of vendors that you can select from. They typically offer annuities and mutual funds, though the vendors are most aggressive selling
Kevin, the short answer is, it depends. There are strict rules that restrict the employer from discriminating in favor of owners and highly compensated employees. But there are also formulas that can be used to pass the
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