You can rollover your account assets out of your employer’s plan and into a qualified or eligible plan any time you have reached a triggering event for a distribution as follows. You can roll your assets into the employer’s plan only if the plan document allows you to do so:
403(b) Triggering events:
- Attained age 59 ½ (in service)
- Severance from employment (however the participant is subject to early withdrawal penalty if a distribution is taken before age 55.)
- Death
- Disability
457 Triggering events:
- Attained age 70 ½ (in service)
- Severance from employment at any age
- Death
- Disability
