Consolidating Your Retirement Accounts

If you have had more than one employer in your life, chances are that you have more than one retirement account. Combining your eligible retirement accounts into one account may make managing your money and planning for retirement easier.

Consolidate and simplify

Consolidating your accounts may seem like a big hassle, but we’ve been helping participants do it for a long time. We’ve figured out how to keep the consolidation process as simple as possible.

You may benefit when you consolidate your assets with the Plan because of:

• The convenience of working with a single plan provider
• Simplified paperwork
• Fewer annual account fees
• Help from Account Executives now and after you retire

As you consider combining assets into your Plan account, bear in mind that qualified retirement plans, deferred compensation plans and individual retirement accounts are all different, including fees and when you can access funds. Assets rolled over from your account(s) may be subject to surrender charges, administrative fees and/or a 10% tax penalty if withdrawn before age 59½. Neither the Plan nor any of its representatives give legal or tax advice. Please contact your legal or tax advisor for such advice.

This material is not a recommendation to buy, sell, hold or roll over any asset, adopt an investment strategy, retain a specific investment manager or use a particular account type. It does not take into account the specific investment objectives, tax and financial condition, or particular needs of any specific person. Investors should work with their financial professional to discuss their specific situation.

Keep track of your money

When you move from job to job, it’s easy to lose track of your previous retirement accounts, especially if former employers change names, are bought out or go out of business.

Get the help you need

Talk with your Account Executive for more information.