What happens to my 403 B if I die tommorrow or if I quit my job?

Question

My son is the beneficiary on the plan. Can he just go to the company I work for and tell them he wants the money?
Does he have to wait a certain period of time?
What happens?

Answer 1

The beneficiary gets the proceeds at your death. He can take the money or roll it into an IRA.

If you quit your job, you can roll the money in your 403b into another 403b or an IRA.