Does this sound familiar? You’ve changed jobs a few times, and still have money in your former employers’ retirement plans.
So what do you do? You can’t contribute to those plans anymore because you don’t work there, but you should keep an eye on your accounts.
If you are an existing ABA Retirement Funds Program (the “Program”) participant, it might be easier to organize everything in one place, especially if you like the investment options and other features of the Program. You can accomplish this by rolling over your account or benefits from your former employers’ retirement plans to your current plan. It may save time, too, when you only have to go to one place to see your entire retirement picture!
You might consider consolidating your retirement savings in the Program if you want:
- to have to go to one place to see the entire picture of your retirement savings and investments;
- the simplicity and convenience of managing one account using a single website and toll-free phone number; and
- the ease of learning how to make transfers and changes on one website instead of multiple.
If you want to consolidate outside IRA or 401k assets in your Program account, we will need a signed copy of the Rollover Certification Form along with a check of your rollover contribution (payable to the ABA Retirement Funds Program). If you need assistance with this process, please call us at 800.348.2272. Customer Service Associates are available Monday – Friday (excluding stock market holidays) from 8 a.m. to 8 p.m. Eastern Time.
Before making a decision to consolidate retirement savings in the Program, carefully consider (1) the potential differences and/or similarities between the various qualified retirement plans and accounts and (2) the different investment options available under the various qualified retirement plans and accounts, including the investment objectives, risks, charges and expenses of the investment options available under the various plans and accounts.