If you are not yet eligible to participate in the plan and have money from a former employer’s retirement plan or a traditional Individual Retirement Account (IRA), you can roll that money into the NADART plan. Rollovers can benefit you in a number of ways:

• If you do a direct rollover, the amount that you rollover will not be taxed.

• The money you are rolling over will accumulate interest over time along with the money you will be contributing to your new plan.

• If you are in the Investment Choice plan and your employer allows for you to take a loan from your 401(k), you can do so using the money from your old plan.
• No early withdrawal penalties or taxes

For Classic participants, once you have rolled over your money, it is invested in the NADART Fund. For Investment Choice participants, when you roll over your money, it is invested according to your current investment elections for future contributions to the employee contribution source. If you wish to invest this money in a different way, contact the Plan Information Center prior to the receipt of the check by NADART. You will need to designate separate investment instructions. If you have not designated any investment elections, the monies will automatically be invested in the NADART Fund. If you wish to move it after that, you can initiate a transfer through PlanWeb.

Remember that rollovers are irrevocable. Once you roll over funds into the NADART plan, they become part of the plan and are subject to the plan’s distribution rules.