TransfersForm

Let's Get Started Transferring Your Client's current 401(k) to Sallus

In just a few minutes, provide the necessary information to get started on your client’s plan transfer.

What you Will Need To Complete This Process

Current Plan Information
Current Plan Adoption Agreement-System Alert: PROCESS CAN NOT BE COMPLETED WITHOUT ADOPTION AGREEMENT

A problem was detected in the following Form. Submitting it could result in errors. Please contact the site administrator.

Select The Plan Design For Your Client's Transfer to Sallus*:

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Option 1: Safe Harbor
Employer Contribution: Yes
Contribution Type: Fixed | 3%
Vesting:

Immediate (Employee Deferrals)
Immediate (Optional Profit Sharing)
Immediate (Company Contributions)

Option 2: Safe Harbor
Employer Contribution: Yes
Contribution Type: Match | 3.5%
Vesting:

Immediate (Employee Deferrals)
Immediate (Optional Profit Sharing)
2 Years (1,000 Hours) (Company Contributions)

Option 3: Safe Harbor
Employer Contribution: Yes
Contribution Type: Match | 4%
Vesting:

Immediate (Employee Deferrals)
Immediate (Optional Profit Sharing)
2 Years (1,000 Hours) (Company Contributions)

Option 4: Non-Safe Harbor
Employer Contribution: No
Vesting:

Immediate (Employee Deferrals)
Immediate (Optional Profit Sharing)

Select Your Plan Design

Who Will Be Paying The Participant Fees?

Employer Participants

3(38) Selection

Desired Timeline For Conversion

Select Your Advisor Compensation*:

Will The Advisor Charge a Flat Fee or Charge on AUM?

Flat Fee AUM Both

Is This An Annual Or One-Time Fee?

One Time Annual

Enter Flat Fee Amount

Enter Bps

Advisor First Name

Advisor Last Name

Advisor Email

Advisor Phone Number

Advisor CRD Number

Broker Dealer / RIA Firm Name

Advisor Partner Affiliation

Employer Company Name

Employer Contact First Name

Employer Contact Last Name

Employer Contact Email

Employer Contact Phone Number

State The Business Operates In

Total Plan Assets:

Current Annual Payroll:

Current Number of Employees

Current Number of Highly Compensated Employees:

Number of Employees Making $100,000 Or Less Annually:

Number of Participants (Active or Terminated With Balance)

What is The Current Plan Format?

If Other Provide Details:

Current RecordKeeper or TPA:

Hold Period Following Termination of Current Agreement?

Yes No

If There Is A Holding Period, Provide Details:

Termination Fees Following Termination of Current Agreement?

Yes No

If There Are Termination Fees, Provide Details:

Year Plan Was Adopted:

Plan Eligibility Requirements:

Auto Enrollment?

Yes No

Plan Exclusions?

Yes No

Details On Plan Exclusions:

Employer Contribution?

Yes No

If Yes, What Type of Contribution?

Provide Contribution Percentage

Vesting Requirements

Yes No

If Yes, Provide Details:

Does the Plan Include a Stable Value Fund Or Similar Investment

Yes No

If Yes, What Are the Terms of Any Related Agreement Including Applicable Market Value Adjustments and Hold Periods Following Termination?

Does The Plan Permit Investments in Employer Stock?

Yes No

Does The Plan Permit Investments in Real Estate?

Yes No

Does The Plan Permit Investments in Commodities?

Yes No

Does The Plan Permit Investments in Brokerage Windows?

Yes No

Does The Lineup Include Options Other Than Mutual Funds and Collective Investment Trusts?

Yes No

If Yes, Provide Details

IRS Determination Letter?

Yes No

If No, Provide Details

Have All Legally Required Notices (Including Fee Disclosures) Been Provided For the Last Five Years?

Yes No

If No, Provide Details

Payroll Integration?

Yes No

If Yes, Provide Payrolll Provider

If No, Provide The Current Process for Reporting Contributions

Plan Distribution Options

Forms of Annuity Distributions?

Yes No

In Kind Distributions?

Yes No

Early Retirement Benefits?

Yes No

Business Ownership Information

Is The Business Owner a Member of a Controlled Group?

Yes No

If Yes, Are Employees Of All the Companies Included In The Plan?

Yes No

Provide Details If All Companies Aren't Included In The Plan

Is The Company A Member Of An Affiliated Service Group?

Yes No

Have There Been Any Claims or Litigation Involving The Plan?

Yes No

If Yes, Provide Details

Form 5500 Information

Have All Form 5500 And Audit Filings (If Applicable) For The Most Recent 6 Years?

Yes No

If No, Provide Details

Operational Or Fiduciary Issues

Has The Plan Experienced Any Issues Requiring Corrections Under A Government Correction Program?

Yes No

If Yes, Have Corrections and Required Filings Been Completed?

Yes No

If No, Provide Details:

Governmental Agency Audits

Is the Plan Currently, Or In The Last 5 Years, Under Audit From Any Governmental Agency, Including DOL And / Or IRS?

Yes No

If Yes, Has the Final Audit Closing Report and Evidence of Required Corrections Been Provided?

Yes No

Provide Details

Upload Current Plan Adoption Agreement

System Alert

System Alert: PROCESS CAN NOT BE COMPLETED WITHOUT ADOPTION AGREEMENT INCLUDING ALL AMENDMENTS.

Standard Plan Features

Plan Entry Age – 21 Years Old
Employed For – 3 Months
Automatic Enrollment¹
Employee Default Deferral – 6%²
Employee Auto Increase – 1% Per Year Up to 10%
Professional Investment Management³
Access To Savings⁴
Employee Compensation Limit⁵ – $345,000
Employee Contribution Limit – $69,000 (Combined Employee and Employer)
Employee Deferral Limit – $23,000
Additional Catch Up Contributions for Age 50+ – $7,500 (Catch Up Contributions)
Rollover of Former Plan Assets⁶

Footnotes

Employees may opt out of any automatic feature at any time.
Automatic deferrals are pre-tax and employees have the option to choose a "Roth" which is an after-tax contribution at any time. There are advantages and disadvantages of both, generally depending on the employees' expectations of their future individual effective tax rates.
Professional investment managers hired and overseen by Sallus will manage employee investments through our Qualified Default Investment Alternative or employees can select and monitor their own investment holdings from a series of funds selected by our investment manager fiduciary.
Employees may access savings for unplanned life events either through loans or hardship withdrawals.
Compensation is earned income and taxable W2 wages.
Often employees have investments in 401(k) plans from former employment. These investments can be easily transferred to your new Sallus plan by completing a form.

A problem was detected in the following Form. Submitting it could result in errors. Please contact the site administrator.

Select The Plan Design For Your Client's Transfer to Sallus*:

Option 1: Safe Harbor
Employer Contribution: Yes
Contribution Type: Fixed | 3%
Vesting:

Immediate (Employee Deferrals)
Immediate (Optional Profit Sharing)
Immediate (Company Contributions)

Option 2: Safe Harbor
Employer Contribution: Yes
Contribution Type: Match | 3.5%
Vesting:

Immediate (Employee Deferrals)
Immediate (Optional Profit Sharing)
2 Years (1,000 Hours) (Company Contributions)

Option 3: Safe Harbor
Employer Contribution: Yes
Contribution Type: Match | 4%
Vesting:

Immediate (Employee Deferrals)
Immediate (Optional Profit Sharing)
2 Years (1,000 Hours) (Company Contributions)

Option 4: Non-Safe Harbor
Employer Contribution: No
Vesting:

Immediate (Employee Deferrals)
Immediate (Optional Profit Sharing)

Select Your Plan Design

Who Will Be Paying The Participant Fees?

Employer Participants

3(38) Selection

Desired Timeline For Conversion

Select Your Advisor Compensation*:

Will The Advisor Charge a Flat Fee or Charge on AUM?

Flat Fee AUM Both

Is This An Annual Or One-Time Fee?

One Time Annual

Enter Flat Fee Amount

Enter Bps

Advisor First Name

Advisor Last Name

Advisor Email

Advisor Phone Number

Advisor CRD Number

Broker Dealer / RIA Firm Name

Advisor Partner Affiliation

Employer Company Name

Employer Contact First Name

Employer Contact Last Name

Employer Contact Email

Employer Contact Phone Number

State The Business Operates In

Total Plan Assets:

Current Annual Payroll:

Current Number of Employees

Current Number of Highly Compensated Employees:

Number of Employees Making $100,000 Or Less Annually:

Number of Participants (Active or Terminated With Balance)

What is The Current Plan Format?

If Other Provide Details:

Current RecordKeeper or TPA:

Hold Period Following Termination of Current Agreement?

Yes No

If There Is A Holding Period, Provide Details:

Termination Fees Following Termination of Current Agreement?

Yes No

If There Are Termination Fees, Provide Details:

Year Plan Was Adopted:

Plan Eligibility Requirements:

Auto Enrollment?

Yes No

Plan Exclusions?

Yes No

Details On Plan Exclusions:

Employer Contribution?

Yes No

If Yes, What Type of Contribution?

Provide Contribution Percentage

Vesting Requirements

Yes No

If Yes, Provide Details:

Does the Plan Include a Stable Value Fund Or Similar Investment

Yes No

If Yes, What Are the Terms of Any Related Agreement Including Applicable Market Value Adjustments and Hold Periods Following Termination?

Does The Plan Permit Investments in Employer Stock?

Yes No

Does The Plan Permit Investments in Real Estate?

Yes No

Does The Plan Permit Investments in Commodities?

Yes No

Does The Plan Permit Investments in Brokerage Windows?

Yes No

Does The Lineup Include Options Other Than Mutual Funds and Collective Investment Trusts?

Yes No

If Yes, Provide Details

IRS Determination Letter?

Yes No

If No, Provide Details

Have All Legally Required Notices (Including Fee Disclosures) Been Provided For the Last Five Years?

Yes No

If No, Provide Details

Payroll Integration?

Yes No

If Yes, Provide Payrolll Provider

If No, Provide The Current Process for Reporting Contributions

Plan Distribution Options

Forms of Annuity Distributions?

Yes No

In Kind Distributions?

Yes No

Early Retirement Benefits?

Yes No

Business Ownership Information

Is The Business Owner a Member of a Controlled Group?

Yes No

If Yes, Are Employees Of All the Companies Included In The Plan?

Yes No

Provide Details If All Companies Aren't Included In The Plan

Is The Company A Member Of An Affiliated Service Group?

Yes No

Have There Been Any Claims or Litigation Involving The Plan?

Yes No

If Yes, Provide Details

Form 5500 Information

Have All Form 5500 And Audit Filings (If Applicable) For The Most Recent 6 Years?

Yes No

If No, Provide Details

Operational Or Fiduciary Issues

Has The Plan Experienced Any Issues Requiring Corrections Under A Government Correction Program?

Yes No

If Yes, Have Corrections and Required Filings Been Completed?

Yes No

If No, Provide Details:

Governmental Agency Audits

Is the Plan Currently, Or In The Last 5 Years, Under Audit From Any Governmental Agency, Including DOL And / Or IRS?

Yes No

If Yes, Has the Final Audit Closing Report and Evidence of Required Corrections Been Provided?

Yes No

Provide Details

Upload Current Plan Adoption Agreement

System Alert

System Alert: PROCESS CAN NOT BE COMPLETED WITHOUT ADOPTION AGREEMENT INCLUDING ALL AMENDMENTS.

Standard Plan Features

Plan Entry Age – 21 Years Old
Employed For – 3 Months
Automatic Enrollment¹
Employee Default Deferral – 6%²
Employee Auto Increase – 1% Per Year Up to 10%
Professional Investment Management³
Access To Savings⁴
Employee Compensation Limit⁵ – $345,000
Employee Contribution Limit – $69,000 (Combined Employee and Employer)
Employee Deferral Limit – $23,000
Additional Catch Up Contributions for Age 50+ – $7,500 (Catch Up Contributions)
Rollover of Former Plan Assets⁶

Footnotes

Employees may opt out of any automatic feature at any time.
Automatic deferrals are pre-tax and employees have the option to choose a "Roth" which is an after-tax contribution at any time. There are advantages and disadvantages of both, generally depending on the employees' expectations of their future individual effective tax rates.
Professional investment managers hired and overseen by Sallus will manage employee investments through our Qualified Default Investment Alternative or employees can select and monitor their own investment holdings from a series of funds selected by our investment manager fiduciary.
Employees may access savings for unplanned life events either through loans or hardship withdrawals.
Compensation is earned income and taxable W2 wages.
Often employees have investments in 401(k) plans from former employment. These investments can be easily transferred to your new Sallus plan by completing a form.

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