It is strongly recommended that you follow our instructions in the Rollover Guide. We always strongly recommend that you request the sending institution write a check. This helps to avoid problems as when they write a check they make the check payable to your 401k trust. Writing the check payable to your 401k trust makes it easier for the bank to understand that they’re sending it over to another retirement plan, and that it’s a direct rollover.

If you receive a 1099 indicating that this was a distribution, it is recommended that you take the 1099 to your CPA and inform your CPA that the funds were rolled over. Please consult your CPA or tax advisor for further clarification.

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