Rollover In Process

1. Account owner would contact their previous retirement plan management company to request a rollover distribution.
   • We highly encourage any saver looking to process a rollover in or transfer in to first speak with a tax advisor. Any saver looking to roll Traditional/pre-tax funds from a 401k or transfer from a Traditional IRA into their Roth IRA should be aware that they will have the balance of their rollover amount considered as taxable income for the year. Also, if conducting an IRA to IRA transfer, the saver should be aware they can only process a "trustee to trustee IRA transfer" once every 12 months.
2. Previous retirement plan management should create a rollover distribution check. This check can be mailed directly to the client to be forwarded onto the appropriate program mailing address.
   • For a direct rollover, check should be made out to "(Program Name) FBO (Account Holder)" (account information for deposit should also be included). For an indirect rollover, any rollover proceeds must be placed in the account within 60 days of distribution from the previous plan (tax reporting is the responsibility of the saver).
   • Check can be provided with the program Certification of Rollover Assets form, but is not needed to complete the rollover.