Show:
Rolling, Rolling, Rolling your Retirement Plan
To be or not to 403(b)
Law and Good Order Review
Oh the places you'll go
A whole new account
100
We must do this for checks From other Companies With no instructions on coding as Transfer or Rollover
What is a callback to confirm
100
A 403b plan moving to the same employer’s plan, but to a different vendor is called this
What is contract exchange
100
Split purchases must be entered into investar and the (fill in the blank) must be completed with the correct breakpoint
What is Ovr Load Rate
100
If we receive a rollover with a breakdown for negative earnings, we must modify the screen of investar
What is ROII/ ROIM
100
NJBest accounts are always opened in this share class
What is Direct Class.
200
This transaction (going from same plan type to different custodians) is not reportable to the IRS.
What is a Transfer
200
TPA stand for this
What is a TPA
200
If we get a faxed or mailed request to add/ change bank information we must confirm this
What is the signature on the original application
200
Until total contributions to an FT 529 or an NJBEST 529 College Savings Plan account reach $1,200, a minimum of this amount per year must be contributed to the account to keep it open
What is $300
200
You must use this macro when opening a NA with a dealer. Hint- it confirms the code that helps the dealer get paid
What is the clearing ID Macro
300
This type of transaction occurs when one custodian has a pre-tax plan and send the money to FT (we deposit it into a Roth)
What is mid-air conversion
300
This establishes an agreement between the investment provider and the plan to "share information" needed to comply with IRS Rules and reporting requirements
What is an information sharing agreement.
300
This type of purchase is a request to buy a specific dollar amount and apply based on the current allocation of a group (or portfolio) of accounts.
What is a pro-rata purchase
300
For a 529 Rollover, if we do not receive Principal/ Earning breakdown we must process the purchase as 100% ...... (fill in the blank)
What is Earnings
300
This the beneficiary's address is missing we will default to this
What is Account Owner's AOR
400
We report contributions and rollovers for FTIOS plans on this form
What is a 5498
400
We may get an incoming Purchase of Service credits transaction. It is processed as a Rollover and must have an accompanying (blank) notification letter.
What is STRS Notification Letter
400
If there is a discrepancy between the legal and numeric line of a check, we can only deposit it for ....
What is the legal line
400
Only one Rollover is allowed (fill in the blank) months
What is 12 months
400
For account with FTDI as the dealer we must submit the application for this process
What is Principal signature
500
During the first two years of participation in the plan, rollovers from this plan type are not allowed
What is a Simple Plan
500
This type of 403(b) plan generally has only salary deferrals, does not have to do IRS Form 550 or do discrimination testing. Hint- Churches and public school are always this type of 403b plan
What is non-Erisa 403(b)
500
For FTIOS FT Checks that are resubmitted, if the instructions ask that the PUR be applied as a rollover, associates should keep in mind the 60-Day Rollover rule. In addition, if the funds include this, the funds are not eligible for rollover
What is an RMD
500
Any direct rollover purchase from another state’s 529 plan to the FT 529 Plan will be applied at this breakpoint
What is NAV
500
You must input this in the name control field for the beneficiary
What is the first four letter of their last name