These Terms and Conditions (“Agreement”) govern the rollover of a balance into your retirement plan (“Plan”) from another eligible source. By initiating a rollover, you (“Participant”) agree to be bound by the following terms and conditions:

  • Eligibility: The Participant must be eligible to participate in the Plan and meet all requirements set forth by the Plan Administrator. The source from which the Participant intends to roll over the balance must be an eligible retirement account, such as a previous employer’s 401(k) plan, an individual retirement account (IRA), or a governmental 457(b) plan.
  • Rollover Process: The Participant must complete the necessary fields and provide accurate and up-to-date information required by the Plan Administrator. The Participant acknowledges that any tax consequences or penalties associated with the rollover are their sole responsibility and that they should consult a qualified tax advisor before proceeding.
  • Plan Provisions: The rollover amount will be subject to the terms and conditions of the Plan, including investment options, withdrawal restrictions, and distribution rules. The Participant should review and understand the Plan provisions before initiating the rollover. The Participant acknowledges that the Plan Administrator has the authority to interpret and administer the Plan in accordance with applicable laws and regulations.
  • Investment Options: The Participant understands that the rollover amount will be invested in the investment options available within the Plan, as determined by the Plan Administrator. The Participant should review the investment options, including their associated risks, fees, and potential returns, before making any investment decisions. The Participant acknowledges that investment returns are not guaranteed, and the value of investments may fluctuate, resulting in gains or losses.
  • Fees and Expenses: The Participant acknowledges that the Plan may charge fees and expenses related to the maintenance and administration of the account, investment management, and other services. The Participant should review the Plan’s fee schedule and disclosure documents to understand the fees and expenses associated with the Plan.
  • Termination or Modification: The Plan Administrator reserves the right to terminate or modify the Plan, including the rollover provisions, at any time and for any reason. In the event of Plan termination or modification, the Participant will be notified in accordance with applicable laws and regulations.
  • Governing Law: This Agreement shall be governed by and construed in accordance with the U S laws and your state/local jurisdiction without regard to its conflict of laws principles.
  • Entire Agreement: This Agreement constitutes the entire understanding between the Participant and the Plan Administrator regarding the rollover of funds into the Plan and supersedes any prior agreements or understandings, whether written or oral.
  • The Participant acknowledges that the 60-day rollover rule applies to rollovers where the funds are distributed to the Participant. The Participant must deposit the funds into the Plan within 60 days of receipt to avoid taxation and potential penalties. The Participant understands that failure to complete the rollover within the 60-day timeframe may result in the distributed amount being treated as taxable income, subject to applicable taxes and penalties as determined by the Internal Revenue Service (IRS). d. The Participant acknowledges that the Plan Administrator and the Plan are not responsible for monitoring the Participant’s compliance with the 60-day rollover rule, and it is the Participant’s responsibility to ensure timely completion of the rollover.
  • Please note that it’s important to consult with a qualified tax advisor or financial professional to fully understand the implications of the 60-day rollover rule and its specific requirements in your jurisdiction.
  • The Participant acknowledges that the account they are rolling 

By proceeding with the rollover, the Participant acknowledges that they have read, understood, and agreed to be bound by these Terms and Conditions. The Participant further acknowledges that they have had the opportunity to seek independent legal, financial, or tax advice regarding the rollover.

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Talk to Sales
Schedule a Free Consultation

Contact Support
Visit our Help Center
support@myubiquity.com
Monday–Friday
6am–5pm PT / 9am–8pm ET

© 2024 Ubiquity Retirement + Savings
44 Montgomery Street, Suite 300
San Francisco, CA 94104