Employer changed 403B institutions in 403(b) Forum Posted July 31, 2020 · Report reply Here is my update: After exhaustive questioning of all parties, here is the definitive answer. I CANNOT DO A ROLLOVER OF MY PREVIOUS 403b account unless I meet distribution age of 59.5 or leave the employer. I CAN ONLY EITHER LEAVE THE MONEY WHERE IT IS OR PERFORM A PLAN EXCHANGE AND CONSOLIDATE MONEY FROM MY PREVIOUS 403b into the current one at Fidelity. (See below) What is the difference between a contract exchange and a rollover? A contract exchange allows you to move your investments to different service providers under the same employer (in this case the Employer Retirement Savings Plan accounts). A rollover allows you to move your investments out of the Employer Retirement Savings Plan accounts and into another account either through another employer plan or an IRA. You can only do a rollover if you meet certain criteria. Thanks everyone. Thanks DK for your correct assessment.