Rollover in - Nc 457 Plan is a legal document that was released by the North Carolina Department of State Treasurer - a government authority operating within North Carolina.
Q: What is a rollover in a North Carolina 457 plan?
A: A rollover in a North Carolina 457 plan refers to moving funds from one qualified retirement plan to another, such as transferring money from a 401(k) or another 457 plan into the North Carolina 457 plan.
Q: Is it possible to rollover funds from a 401(k) into a North Carolina 457 plan?
A: Yes, it is possible to rollover funds from a 401(k) into a North Carolina 457 plan.
Q: Can I rollover funds from another 457 plan into the North Carolina 457 plan?
A: Yes, you can rollover funds from another 457 plan into the North Carolina 457 plan.
Q: Are there any tax consequences for rollovers in a North Carolina 457 plan?
A: Generally, rollovers from qualified retirement plans, including a North Carolina 457 plan, are tax-free as long as the funds are deposited into another eligible retirement plan within 60 days.
Q: What are the benefits of doing a rollover in a North Carolina 457 plan?
A: The benefits of doing a rollover in a North Carolina 457 plan include consolidating retirement savings, potentially taking advantage of better investment options, and avoiding taxes and penalties if done correctly.
Form Details:
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the North Carolina Department of State Treasurer.