ROLLOVERS & LOST 401(K) Accounts
Healthcare professionals often experience multiple employment transitions throughout their careers—residency programs, fellowship training, hospital systems, and private practice opportunities. These transitions frequently result in multiple employer-sponsored retirement accounts, including 401(k) or 403(b) plans, that may be left unmanaged or even forgotten.
WE MAKE ROLLOVERS EASY!
We’ve partnered with Capitalize to make workplace retirement account
rollovers more seamless for our clients. Rollover & Lost 401(k) Account Services provide a structured and compliant approach to locating, consolidating, and managing your retirement accounts, including:
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Plan Location & Verification
We assist in identifying and verifying former employer-sponsored retirement accounts through plan administrator outreach, Department of Labor resources, and retirement plan databases. -
Fiduciary Guidance
We provide education on available options—leaving assets in the former employer plan, rolling to a new employer plan, or rolling into an IRA—while outlining the fiduciary standards, investment options, and fee structures associated with each choice. -
Tax & Regulatory Considerations
Our process ensures rollovers are executed in compliance with IRS regulations to avoid unintended taxable events or early withdrawal penalties. We also review plan provisions such as vesting schedules, distribution rules, and required minimum distributions (RMDs). -
Account Consolidation & Oversight
Consolidating multiple accounts into a single retirement vehicle can improve investment oversight, reduce administrative complexity, and create a more cohesive retirement strategy tailored to your long-term financial goals. -
Specialized Support for Healthcare Professionals
We recognize that healthcare professionals often experience non-linear career paths, multiple employer transitions, and unique retirement plan structures (401(k), 403(b), 457(b)). Our services are designed with these complexities in mind to ensure no retirement assets are overlooked.
Because healthcare professionals switch employers more often than average, consolidating your retirement accounts through rollovers can help you avoid lost savings, reduce fees, and simplify your financial future.
Take advantage of our digital platform and structured process to achieve greater control and tax compliance, so you can focus on what matters most – your patients!
HOW IT WORKS
- Locate Your 401(K): Step 1 is tracking down your old 401(k) account(s), which can be difficult. Our digital platform makes it easy for you. Select which financial institution holds your 401(k) or let us know the name of your former employer, your old accounts will be instantly located. If not, rollover agents are available to help.
- Choose Your Rollover Destination: Step 2 is choosing the destination for your rollover. Ordinarily, there are 4 options available to you: (a) Roll over to an IRA; (b) Roll over to your new employer plan (if new employer allows it); (c) Stay in old employer plan (if old employer allows it); (d) Cash out (And pay taxes). With our Rollover IRA option, you have the opportunity to consolidate all the retirement savings you left behind into a single personalized IRA, that continues to grow tax-deferred, with a wider range of investments than you can in an employer’s retirement plan.
- Open New Rollover IRA: Step 3 is opening your new rollover IRA. This is the account we’ll move the money into from your old workplace account. Please note, If you made both pre-tax and post-tax contributions to your workplace account, you might need to open a Roth IRA, too.
- Asset Transfer: Step 4, we transmit your direct rollover request to your old 401(K) provider to begin the asset transfer. Once the assets have been successfully transferred, you’ll receive confirmation that the money has been deposited into your Rollover IRA.
- Invest the Funds: The final step is working with your advisor to implement an asset allocation that aligns with your risk tolerance, time horizon, and retirement goals within the context of your holistic financial situation.
Got Questions? We have Answers...
BRINGING THE FUTURE INTO THE PRESENT
From retirement planning, investment strategies, tax optimization, to estate planning, we offer personalized solutions tailored to your unique circumstances.
Address
2325 E. Camelback Rd., Ste 400, Phoenix AZ 85016
Phone
(480) 364-7401
We specialize in holistic total household wealth management designed specifically for healthcare practitioners, their families, and their practices.
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experience of our firm & financial advisers
LEGAL DISCLOSURE
Cognis Group is a State registered investment adviser, pursuant to the Investment Advisers Act of 1940, as amended, with principal offices in Phoenix AZ. Cognis Group and its representatives are in compliance with the current filing requirements placed upon registered investment advisers by those states in which it maintains clients. A copy of our current written disclosure statement (Form ADV-Part 2) discussing business operations, services and fees is available upon request or may be downloaded here.
This website does not constitute an offer to provide investment advisory services in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. The information contained on this site is for informational purposes only and should not be construed as financial, investment, legal, tax, or other advice. By accessing this website, you agree to be bound by the above terms and conditions.
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