What the Rollover Form Does
The Rollover Request Form is your first step toward consolidating retirement savings from other plans into your Servant Solutions Retirement Plan. It initiates a direct rollover and walks you through which contributions are eligible for rollover and which are not.
This form is for anyone with money in a former employer’s plan, participating in more than one plan at once, or who wants the simplicity of managing everything in one place. If that sounds like you, we’d love to help make bringing your retirement savings together simple.
Why Consolidate with Servant Solutions
Bringing your accounts together does more than tidy up your paperwork. It can save you money, reduce stress, and keep more of your savings working for your future. Here’s what a rollover to Servant Solutions can mean for you.
Fewer and lower fees. When appropriate, consolidating lets you stop paying multiple fees to maintain separate accounts through former employers’ plans. And because we’re a non-profit, our fees run lower than industry averages, so more of your money stays with you.
- One-statement simplicity. No more shuffling through multiple statements or chasing paperwork from different providers. One account means one clear picture of where you stand.
- No taxes or tax penalties. A direct rollover keeps your nest egg intact. You won’t owe taxes or penalties, so every dollar can keep working harder for you.
- Ministry income bonus. For rollover accounts that include ministry income contributions, ministers can bring those funds under the Servant Solutions church plan “umbrella.” This means those funds may be eligible for the housing allowance exclusion in retirement, one of the most valuable tax advantages available to ministers.
- More investment choices. Love your current investment mix? We can tailor your account with similar options. Ready for something new? We’ll help you set up investments that fit your changing needs.
- Expert financial assistance. You don’t have to figure this out alone. Our retirement experts are here to help you understand your options and choose the path that’s right for you.
Revised Tax Laws Make Rollovers Easier
Bringing your retirement savings together may make it easier to manage your accounts and keep track of your progress toward retirement. Depending on your situation, you may be able to consolidate money from:
- 401(k) plans
- 403(b) plans
- Governmental 457(b) plans
- Traditional or rollover IRAs