How to Complete  Rollover to Your Entrust SDIRA

This video will show you how to complete a rollover to your Entrust SDIRA: 

When moving assets between different types of retirement accounts, like a 401(k) to an IRA at Entrust, you’ll need to complete an IRA rollover. 

There are two main types of rollovers: 

• Direct Rollover: Funds move directly from a qualified plan to an IRA. The account holder never takes possession of the funds, so tax withholding is not necessary.
• Indirect Rollover: The account holder takes a temporary distribution of funds. In order to avoid taxes and penalties, the account holder must redeposit the funds into another retirement account within 60 days. Tax withholding is applied and there is a once-per-year limit.

For more information, check out our Transfer vs Rollovers blog post.

If you’re ready to complete a rollover to an IRA at Entrust, follow this step-by-step process:

Step 1: Contact Your Current Institution

1. Request Rollover: Contact your current institution and ask them to send the funds to Entrust via check, ACH, or wire.

• Provide Delivery Instructions: If they are sending an ACH or wire, provide them with Entrust's Delivery Instructions.

Step 2: Submit a Rollover Request

1. Initiate the Rollover Request: After logging in to the Entrust Client Portal, click on the Dashboard tab located just below The Entrust Group logo at the top of the page. Scroll down to the "Quick Links" box, click on "Fund Account." Choose the account to which you want to transfer the funds.
2. Choose the Rollover Type: Select "Indirect" or "Direct."
   1. Note: For direct rollovers, a letter of acceptance from Entrust may be required. To confirm if this is needed, please ask the originating custodian.
      1. If a letter of acceptance is required, email us at transfers@theentrustgroup.com and request that we generate a letter of acceptance. Please attach an account statement from the other custodian.
3. Enter Institution Details: Provide the name of the current custodian or institution. Contact person name and phone number can be left blank or filled with general information.
4. Specify Rollover Type: Indicate if you are rolling over cash or assets. For cash, enter the amount. For in-kind assets (i.e. alternative assets already held in an SDIRA), specify the assets.
5. Upload Account Statement: Upload an account statement from the current institution to verify the account.
6. Review and Submit: Read the disclosure, check the box, and click "Submit."

By following these steps, you can successfully initiate a rollover to Entrust, either in cash or in-kind.