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Why are my accounts no longer combined in Account Access?
Why are my accounts no longer combined in Account Access?
When you log on to Account Access, you may notice your funds are divided by source -- 457 and 401. The 457 portion of your account are the contributions, and earnings on those contributions, you have personally made to the plan. The 401 portion of your account can be any combination of employer contributions, roll-ins from other retirement accounts and BackDROP payments. These separate sources (457 and 401) follow different tax codes and distribution guidelines, so they are recorded and displayed separately within Account Access.