Yes! You can use AI to fill out Empower Incoming Rollover Form

The form instructions state that you must be enrolled in the destination Empower plan before submitting the rollover request. People often try to perform the rollover as part of the enrollment process, not realizing it's a separate, subsequent step. This will cause the form to be rejected and any assets received to be returned to the original provider, delaying the entire process.

Applicants often forget to enter the last four digits of their SSN/TIN at the top of every page after the first, as required. This simple oversight can lead to processing delays or rejection as the pages can become dissociated during processing. To avoid this, carefully review each page before submission to ensure the number is present. AI-powered tools like Instafill.ai can help prevent this by automatically populating required header and footer information across all pages of a form.

Step 4 requires a copy of the most recent account statement from the previous provider, which must contain specific details like the plan type. Users frequently forget to include this statement or submit one that lacks the required information. This is a primary cause for rejection, as Empower cannot process the rollover without verifying the source and nature of the funds. Always secure the required statement before you begin filling out the form.

The 'Verify and send' section provides different mailing addresses depending on whether you are sending the form alone or with a distribution check. Sending the package to the wrong address can cause significant delays, lost checks, and missed rollover deadlines. Carefully read this section and select the correct regular or express mail address that matches your submission contents to ensure timely and correct processing.

The form explicitly requires an original, handwritten signature and forbids the use of white-out for corrections, requiring initialed cross-outs instead. In a digital world, people may be tempted to use a digital signature or correct mistakes with correction fluid, both of which will invalidate the form. To avoid rejection, you must print the form, provide a wet signature, and make any corrections by neatly crossing out the error and writing your initials next to the change.

The instructions list several types of funds that cannot be rolled over, such as Roth IRA assets, hardship withdrawals, or required minimum distributions (RMDs). A user who is unaware of their distribution's specific tax treatment may incorrectly attempt to roll over these funds. This will result in the contribution being rejected and returned, which can create tax complications. Before submitting, confirm with your previous provider that the funds are eligible for a rollover.

If your account statement lacks the necessary details, Step 4 requires your previous plan administrator to complete and sign a certification section. Users sometimes mistakenly fill this section out themselves or fail to get the required signature, believing their own signature is sufficient. This will lead to immediate rejection, as the certification must come from an authorized person at the distributing institution. You must coordinate with your previous provider to have this section completed correctly.

Step 1 requires that your name 'must match the name on file' with Empower. Any discrepancy, such as using a nickname, a maiden name, or a simple typo, can cause the system to fail its validation check. This results in processing delays while the information is manually verified or the form is returned for correction. Before filling out the form, log in to your Empower account to confirm the exact personal details on file. Using a tool like Instafill.ai can help by populating the form with your verified profile data, ensuring consistency.

Step 2 asks you to choose between a direct rollover (funds move directly between institutions) and an indirect one (you receive a check to deposit). Users often don't understand the significant consequences, especially the 60-day time limit and potential tax withholding for indirect rollovers. Choosing incorrectly or mishandling an indirect rollover can lead to the entire distribution being treated as taxable income with potential penalties. It is crucial to understand the difference or consult a financial advisor before making a selection.

If you have already received a distribution check for an indirect rollover, the form provides specific instructions on how to endorse it to 'Empower Trust Company, LLC'. Failing to endorse the check correctly, or at all, will prevent it from being deposited. This will cause the funds to be returned and could jeopardize your 60-day rollover window, potentially triggering a taxable event. Follow the endorsement instructions in the 'Verify and send' section precisely.