Can a 403(b) plan be terminated under the 403(b) final regulations?
Yes. In accordance with the regulations, a 403(b) plan can be terminated, very much in the same manner that a 401(k) plan can be terminated, and the individuals who receive their funds as a consequence of this plan termination have a right to roll these over to other eligible retirement programs. However, if a 403(b) plan is terminated, there are certain restrictions regarding when another 403(b) plan can be established.
