News & Announcements

August 29, 2024

In-plan Roth conversion requests made easy for RecordkeeperDirect

RecordkeeperDirect® plan participants can now use our In-Plan Roth Conversion Request to convert pre-tax assets in their accounts to Roth assets.

To take advantage of this option, plan sponsors may need to update the money types on file for their plan. If necessary, they should complete the Plan Maintenance Request to add in-plan Roth conversion money types. Plans have the ability to allow in-plan Roth rollovers (for participants who have met a distributable event) and/or in-plan Roth transfers (for participants who haven’t yet met a distributable event).

We appreciate the opportunity to serve your retirement plan needs. If you have any questions about our in-plan Roth conversion capabilities, please call us at (800) 421-6019.

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