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Pixy responded, in part, to an earlier question The initial contribution will have to enter whatever vehicle(s) the provider has for that purpose, and that provider may charge a fee for transferring the
money out of that option.


Pixy --

I am sorry if I am getting too anal about this and I understand the answers will ultimately have to come from Provider A. But if Provider A's plan is an annuity with surreder/redemption charges, then one would or would not incur the surreder/redeption charges (i.e., 5% the first year, 4% the second year, etc.) to transfer the money to a 403(b)7 plan? (I know you said they may charge a fee but I am unclear as to whether you are referring to the surrender/redemption charge or some other administative fee for services provided).

Thanks very much for your help on this.

jtmitch
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