How can I rollover an old account into my current account?

Consolidating your retirement accounts can provide greater investment flexibility and make it easier to manage your savings by keeping everything in one place throughout your career.

To rollover a previous retirement account into your current plan, follow these steps:

1. Confirm your plan accepts rollovers
   Verify that your current retirement Plan accepts the type of account you want to roll over (for example, a former employer’s 401(k) or a traditional IRA).
   You can use the rollover chart provided by the Internal Revenue Service as a general reference.
2. Contact your current plan’s recordkeeper
   Reach out to your current employer’s retirement plan provider (also known as the recordkeeper) to confirm:
   • How the rollover check should be made payable
   • Whether any forms or documentation are required
   • Where the rollover funds should be sent
3. Initiate the rollover with your previous provider
   Contact the recordkeeper for your former retirement plan to request a direct rollover. In many cases, you may be able to start this process online by logging into your account and selecting options such as Rollovers, Rollovers & Withdrawals, or Distributions.
4. Ensure the rollover is issued correctly
   The check should be made payable to the custodian or trustee of your new plan, for the benefit of (FBO) your name.
   • If the check is made payable to you personally, it may be considered a taxable distribution and could result in taxes and early withdrawal penalties.
5. Send the check to the new provider
   • In some cases, the check will be mailed directly to your new recordkeeper.
   • If the check is mailed to you, do not endorse or sign it. Instead, forward it to your current plan’s recordkeeper along with any required forms.

If you need any assistance, please contact us at (888) 736-4015.