Retirement Plan Action Form

When we provide investment advice to you regarding your retirement plan account (eg. 401k, 403b, etc.) or individual retirement account (“IRA”), we are fiduciaries under the laws that govern retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a rule that requires us to act in your best interest and not put our interest ahead of yours. This Rollover Analysis Form is being presented to you for review as result of such laws and rules. Under this special rule’s provisions, we must: Meet a professional standard of care when making investment recommendations (give prudent advice); Never put our financial interests ahead of yours when making recommendations (give loyal advice); Avoid misleading statements about conflicts of interest, fees, and investments; Follow policies and procedures designed to ensure that we give advice that is in your best interest; Charge no more than is reasonable for our services; and Give you basic information about conflicts of interest.”

Advisor Email

Name

First

Last

Email

What best represents your family status?

Single
Married / Long term partnership

What's your spouse / partner's name?

First

Last

What's your spouse / partner's email?

What kind of retirement account action are we taking?

Rollover from IRA > Solo 401k / other Employer Plan
Rollover from IRA > another IRA
Rollover from Employer Plan / Solo 401k > IRA
Rollover from Employer Plan / Solo 401k > other Employer Plan / Solo 401k

How did we work together on this action?

Client-Directed Action

Client-Directed Action: you acknowledge and agree that: (i) You have unilaterally instructed us to take certain action(s) with respect to your retirement plan and/or IRA assets; (ii) You have not sought, and have not received, any advice or recommendations from us regarding your predetermined decision to take the action you have directed us to take; (iii) You have undertaken your own independent analysis of the factors applicable to the action(s) you have directed us to take, and have had the opportunity to consult with any other professional advisors as you see fit; and (iv) Our role shall be solely limited to that of an order-taker to facilitate or process the action you have directed us to take

Advisor Provided Solely Educational Info

Advisor provided solely educational info: you acknowledge and agree that: (i) We have limited our communications and consultations with you regarding your retirement plan and/or IRA assets to provide solely educational information designed to inform your independent decision-making; (ii) We have not rendered any investment advice or recommendations with respect to your retirement plan and/or IRA assets; and (iii) We have only provided educational information to you regarding, e.g., Your retirement plan; General financial and investment information; Certain asset allocation models that are available to all plan participants; and/or Certain interactive investment materials”

Advisor Recommended Course of Action

Advisor Recommended course of action: we are rendering advice or otherwise making a recommendation regarding your retirement plan or IRA assets. Based on a variety of factors, our recommendation with respect to your retirement plan account and/or IRA is reflected above in the “retirement account action section” and explained below.”

Reasoning FOR rollover or retirement account action (IRA > Solo 401k / other Employer Plan)

To gain lower-cost investment options such as index funds
To gain professional management / a higher level of service
To avoid the pro-rata rule for backdoor Roth IRA contributions
To consolidate number of investment accounts / custodians
To unlock the ability for penalty-free early withdrawals from separation of service at 50 y.o.
To have preferable application of required minimum distributions (RMDs), delaying them until separation of service
To have additional protection from creditors

Reasoning FOR rollover or retirement account action (IRA > another IRA)

To gain lower-cost investment options such as index funds
To gain professional management / a higher level of service
To lower portfolio management fees
To consolidate number of investment accounts / custodians

Reasoning FOR rollover or retirement account action (Employer Plan / Solo 401k > IRA)

To gain lower-cost investment options such as index funds
To gain professional management / a higher level of service
To lower portfolio management fees
To avoid record-keeping fees
To unlock the ability for early withdrawal penalty exceptions such as first time homebuyer, medical, and education expenses
To consolidate number of investment accounts / custodians

Reasoning FOR rollover or retirement account action (Employer Plan / Solo 401k > other Employer Plan / Solo 401k)

To gain lower-cost investment options such as index funds
To gain professional management / a higher level of service
To lower portfolio management fees
To avoid record-keeping fees
To consolidate number of investment accounts / custodians

Description of reasoning FOR rollover or retirement account action

Reasoning AGAINST rollover or retirement account action (IRA > Solo 401k / other Employer Plan)

Already have similar low-cost investment options
Higher level of service comes with additional costs (up to 0.75% / yr at SLP Wealth)
Foregoing the ability for early withdrawal penalty exceptions such as first time homebuyer, medical, and education expenses
Changing to lower level of service

Reasoning AGAINST rollover or retirement account action (IRA > another IRA)

Already have similar low-cost investment options
Higher level of service comes with additional costs (up to 0.75% / yr at SLP Wealth)

Reasoning AGAINST rollover or retirement account action (Employer Plan / Solo 401k > IRA)

Already have similar low-cost investment options
Higher level of service comes with additional costs (up to 0.75% / yr at SLP Wealth)
Foregoing the ability for certain penalty-free early withdrawals from separation of service at 50 y.o.
Being subject to pro-rata rule for pre-tax IRA balances

Reasoning AGAINST rollover or retirement account action (Employer Plan / Solo 401k > other Employer Plan / Solo 401k)

Already have similar low-cost investment options

Description of reasoning AGAINST rollover or retirement account action

I agree with the above information, and would like to move forward with the retirement account change.