Your Plan may permit In-Plan Roth Rollovers (IRR) or Conversions. Please check your Summary Plan Description for details. If permitted by your Plan, you may submit to our Support Department (https://files.rpgconsultants.com/filedrop/Support) a completed In-Plan Roth Rollover/Conversions Form (available for download from the Account Management Forms tab on http://forms.rpgconsultants.com). We will review and reach out to you with any questions prior to processing your request. You will receive a Form 1099-R the end of January of the following year detailing the tax implications of the Roth conversion. The taxable amount is not subject to the 10% pre-59½ early withdrawal penalty. In addition, the taxable amount is not subject to federal or state tax withholdings.

Be aware that an In-Plan Roth Rollover/Conversion is a taxable event and you should be prepared to pay the applicable income taxes on tax-deferred assets and earnings associated with the conversion. These taxes must be paid with funds from outside of your retirement Plan account (so careful financial planning is necessary). Conversion fees ($100) and tax-reporting fees ($10 to $35) apply, and will be deducted from your account balance.