Rollovers

Benefits of rolling over to RPB

How to roll over funds

1. Provide RPB with a recent statement from the other plan administrator. Make sure it indicates the type of plan the funds are coming from. Upload a PDF copy of the statement at rpb.org/upload.
2. We’ll let you know if the funds from your other plan are qualified to be rolled over to your RPB account or if we need additional information.
3. Notify the administrator of the other account that you want to roll over your money to your RPB 403(b) account by check. They will give you instructions for requesting the rollover. Note: RPB can only accept checks for rollover funds. We cannot accept electronic fund transfers.
4. Mail the rollover check made payable to “Reform Pension Board FBO [Your Name]” to RPB.
5. We’ll send you an email about the status of your rollover after we receive the check.

Important details

• We can only accept rollovers from plans that accept employer contributions and employee payroll deduction contributions (e.g., a 401(k), 403(b), 457(b), or SIMPLE IRA account). We can accept a rollover from a rollover IRA into which you previously rolled a 401(k) or 403(b).
• We can accept rollovers from qualified plans that have received both pre-tax and Roth contributions. In this case, we must receive two separate rollover checks: one with the pre-tax contributions and earnings and one with the Roth contributions and earnings. We also require a letter from the originating institution that provides the date of the first Roth contribution.
• Roth IRAs can’t be rolled into the RPB 403(b) plan.
• Rollover money is tracked separately in our systems and on account statements.
• RPB only accepts checks for rollovers into your account. We cannot accept electronic fund transfers.