About Automatic Rollover IRAs | Qualified Retirement Plans

Automatic Rollover IRAs


About Automatic Rollover IRAs

The Department of Labor's (DOL) regulations require Automatic Rollover IRAs for involuntary cash-out distributions from qualified retirement plans. Beginning in 2005, distributions of a participant's balance of less than $5,000, and more than $1,000, that are made without the participant's consent must be rolled over to an IRA. Automatic Rollover IRAs are typically used to distribute an account balance of less than $5,000 belonging to lost participants, as well as to distribute the assets of a terminated plan's missing participants.

We can help. Our program is easy to implement and we can assist you through the entire process.

The Solution for Lost or Missing Participants

The DOL also recommends an Automatic Rollover IRA for lost or missing participants. This is a great option for releasing liability for missing participants. Plus, a terminated qualified plan’s distribution can be rolled over even if it exceeds $5,000.

We focus on plan management, administration and service

With over 35 years experience administering IRAs, Polycomp provides service and solutions you can trust. We also manage qualified plans so we have the expertise and depth of knowledge to address any questions or concerns you might have. We do not sell investments or provide investment advice, so you can be assured that our focus is on helpful service and expert plan management – not sales.

Automatic Rollover IRAs Benefit Plan Sponsors:

  • Reduce Fiduciary Responsibility

    As long as the Department of Labor's (DOL) Fiduciary Safe Harbor is satisfied, the fiduciary's obligations, with respect to the participant's benefit, end immediately upon the transfer of the benefit to the IRA

  • Reduce Administration Fees