Rollovers

Benefits of rolling over to RPB

How to roll over funds

1. Contact the administrator of the qualified account from which you are initiating the rollover and explain you’d like to roll over your assets into your RPB 403(b) account. They can explain what you need to do to request a rollover check from them.
2. Provide RPB with a letter from the plan administrator that indicates the type of account the funds are coming from, whether the assets being rolled over include pre-tax or post-tax Roth contributions (or both), and your RPB ID number (which you can find by logging in to the participant portal). Make the check payable to: “Reform Pension Board FBO [Your Name].”
3. Mail the rollover check (made payable to “Reform Pension Board FBO [Your Name]”) and letter from your Plan administrator to RPB (if the check is sent directly to you). You may also have the option for the check to be sent directly to RPB. Please make sure you include the letter from your plan administrator with the check.
4. RPB will send you an email about the status of your rollover once we have received 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.