403(b)/457(b) Basics: Exchanges & Transfers

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

1. Determine compliance administrator
2. Determine if exchanges/transfers are permitted (almost always are)
3. Determine what new vendors are available (see 403bwise rating system)
4. Contact current vendor and ask for paperwork for an "exchange-out" "or "transfer out"
5. Open account with new vendor
6. Ask new vendor if exchange/transfer paperwork is needed
7. Check if compliance administrator requires paperwork
8. 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®).