Small amount of money between $1,000 and $5,000 which is automatically transferred from one IRA to another without authorization from the owner. Automatic rollovers generally occur when an employee changes jobs; or anytime there is a small amount of money remaining in an IRA after a plan administrator transfers funds to a new account on behalf of the owner.
Related information about automatic rollover:
- Automatic Rollover Definition | Investopedia
1. The transfer of qualified retirement plan distributions into an individual retirement account with no action required by the account holder.2. The reinvestment of ...
- Notice 2005-5 - Internal Revenue Service
Sep 28, 2004 ... This notice provides guidance relating to automatic rollover ... designation of an institution to receive the automatic rollover and 2) the initial ...
- IRS Provides Automatic Rollover Guidance - Prudential
In general, the automatic rollover rule applies to all mandatory distributions made ... retirement age is not subject to the automatic rollover requirement and the ...
- Automatic Rollover IRAs
The Department of Labor's (DOL) regulations require Automatic Rollover IRAs for involuntary cash-out distributions. We can help. Our program is easy to use ...
- Automatic Rollover Programs - Millennium Trust Company
Automatic Rollovers with Millennium Trust. In today's workplace, most employers offer retirement plans to their employees. But what happens to those employee ...
- Automatic Rollover Program - Wealth Management Systems
Managing the accounts of terminated employees can be a real administrative burden – one that increases plan costs and potential liabilities while diverting ...
- Automatic Rollover - Financial Dictionary - The Free Dictionary
The transfer of a small amount of funds from one IRA to another owned by the same person without the owner's authorization. Rollovers happen most often when ...
- Fiduciary Responsibility Under the Employee Retirement Income ...
Sep 28, 2004 ... Fiduciary Responsibility Under the Employee Retirement Income Security Act of 1974 Automatic Rollover Safe Harbor; Final Rule [09/28/2004] ...