We dig into how to move money to a better employer vendor. In the 403(b) world this is called an "exchange." In the 457(b) world this is called a "transfer."
How to intiate an exchange/transfer from one employer vendor to another
- Determine compliance administrator
- Determine if exchanges/transfers are permitted (almost always are)
- Determine what new vendors are available (see 403bwise rating system)
- Contact current vendor and ask for paperwork for an "exchange-out" "or "transfer out"
- Open account with new vendor
- Ask new vendor if exchange/transfer paperwork is needed
- Check if compliance administrator requires paperwork
-
Follow all instructions carefully. Exited vendor often unhelpful. Stay on top of process.
-
Support for exchange/transfer process: The 403bwise Facebook Group
- Join Us on April 5, 2026 for a Special Announcement. Info here
- Learned by Being Burned (short pod series about K-12 403(b) issues)
- 403bwise.org
- Meridian Wealth Management
Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).