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Retirement Investors' Club (RIC) 457/401a Program

Rollovers

Roll over all or a portion of your assets to a 457, 401(k), 401(a), 403(b), 403(a), IRA (traditional or rollover), or SEP. This is a non-taxable event. Be aware that if you roll your 457 employee contribution assets out of RIC, the money becomes subject to the distribution rules of the receiving retirement plan. If 457 assets are rolled to an IRA, 401(k), 403(b), or other qualified plan, taxable distributions may be subject to an IRS 10% penalty if taken prior to age 59 1/2.

If the money you wish to roll is with an active provider, contact them directly to request the required paperwork . If the money you wish to roll is with an inactive provider, call them and ask if there are restrictions or penalties and complete the RIC Distribution Form.