Rollover Center - Transferring Money
Transferring Money from Another Carrier to AUL
Tax law changes have made consolidating retirement assets easier than ever. Call 1-800-348-6229, option #2 to initiate a rollover from a prior employer plan to AUL or follow the three easy steps below.
To Initiate a Rollover to an AUL Employer Plan:
| Step 1: | Check with the current employer to determine if the AUL plan accepts rollovers. |
| Step 2: | Check with the prior carrier for any additional paperwork they require to complete the transfer. |
| Step 3: | Complete the Direct Rollover Authorization Letter and mail the form to: AUL, P.O. Box 368, Indianapolis, IN 46206-0368. |
For All Rollovers:
It's important to realize that federal regulations governing rollovers may limit the ability to roll assets from one plan to another. Consult the table below to find out whether the rollover you're considering is permitted.
Rollover Eligibility
| Are rollovers permitted? | To 401(k) | To 403(b) | To Governmental 457(b) | To IRA |
|---|---|---|---|---|
| From 401(k) | Yes | Yes | Yes1 | Yes |
| From 403(b) | Yes | Yes | Yes1 | Yes |
| From Governmental 457(b) | Yes2 | Yes2 | Yes | Yes2 |
| From Regular IRA | Yes | Yes | Yes1 | Yes |
| From SIMPLE-IRA | Yes3 | Yes3 | Yes3 | Yes3 |
- 1.
Rollover funds must be accounted for separately to apply early distribution rules to non-457 funds.
- 2.
Governmental 457(b) plan contributions are not subject to an early distribution penalty; however if these contributions are rolled over to a 401(k), 403(b) or IRA, the premature distribution penalty will apply to them. Consult your tax advisor before rolling 457 assets into a 401(k), 403(b) or IRA.
