Benefits of Rolling Over Into Your 401(k) Plan
- Consolidate your investments
- Have the ability to access your qualified plan dollars through a 401(k) Loan
- Take advantage of high quality investments and low fees in your 401(k) Plan
"Rollover" means that you have a balance in another 401(k) plan sponsored by a previous, unrelated employer and you want to directly transfer that balance to your current plan administered by Slavic. If all participants in the former plan will be merged into the Slavic plan because your worksite employer will initiate a transfer, then don't use this rollover form. Your worksite employer should contact Clyde Palmer at Slavic to begin the merger process.
Qualified 401(k) plans, Conduit IRAs, Traditional IRAs, Government 457, and IRC 403(B) plans may be rolled over to a Slavic 401(k) Plan. To rollover these qualified plan balances, have your other plan administrator print, fill out, and attach the standard form or PEO specific form to the check and mail it to Slavic Integrated Administration Inc. to the attention of Gita Rahmani. If you have any questions concerning a rollover call Gita Rahmani at (800) 356-3009 ext. 2013. Click on form to get a printable copy of the rollover form.
Other PEO (leasing company) plans may or may not be compatible with the Slavic multiple employer plan. PEO sponsored single employer plans, whereby you are regarded for plan purposes as the PEO's employee and not as an employee of the worksite employer, are not compatible and no rollover will be allowed. Generally, you can tell if the former PEO's plan is a single employer plan if the PEO will allow participants to take a distribution or IRA rollover when your worksite company leaves the PEO, even though you are still employed at the worksite. In a mutilple employer plan, you must leave both the PEO and the worksite to get a distribution or IRA rollover. If your former PEO plan administrator will allow an IRA rollover, that would be the best alternative for you. The Slavic customer service department can establish an IRA in your name if you don't already have one.