Can I roll my 401K account from my former employer into Hosss 401K plan?
Yes, we can accept rollovers from the following: another 401K plan and other qualified retirement plans, governmental deferred compensation (457) plans, tax-sheltered annuities (TSAs) and IRAs. Rollover money received by the plan will be invested according to your investment directives for new contributions. Please note: if you have received a distribution check from a retirement plan, you must complete a rollover within 60 days of receipt. If the rollover is not completed within this period, the distribution cannot be rolled over and is taxable. It may also be subject to a 10% early withdrawal penalty. Please contact Sandy at 1-800-621-0270 Ext. 3330 for more information and rollover procedures.
