Yes! You can use AI to fill out Incoming Rollover Election Form for International Dairy Queen, Inc. Retirement Savings Plan

The form explicitly states multiple times that a handwritten signature is required and electronic signatures will not be accepted. This mistake often occurs because people are accustomed to the convenience of e-signatures for other documents. Submitting the form with an electronic signature will lead to its immediate rejection and cause a significant delay in the rollover process. Always print the form and sign it with a pen before submitting; since this form is a non-fillable PDF, tools like Instafill.ai can convert it into a fillable version, allowing you to type in all other information cleanly before printing for the required signature.

The form's checklist requires attaching a copy of the distribution check stub and the most recent account statement from the previous provider. People often overlook these requirements in their haste to complete the main form. Failure to include these documents will halt the process, as the new provider cannot verify the source, type, and amount of the funds, leading to processing delays until the missing items are received.

If the account statement from the old plan doesn't show the plan type or Roth contribution details, the form requires the previous plan administrator to fill out and sign a specific section. This is a common point of failure as it requires coordinating with a third party, which can be slow. Submitting the form without this certification when required will result in the rollover being rejected until the fully completed information is provided, delaying the entire transaction.

When choosing to select their own investment options, applicants must assign whole percentages to different funds that add up to exactly 100%. Simple arithmetic errors or forgetting to allocate the full amount are common mistakes. An incorrect total will cause the investment instruction to be rejected, and the funds may be placed in the plan's default investment option, which may not align with the participant's financial goals. AI-powered form-filling tools like Instafill.ai can help prevent this by automatically validating that the entered percentages sum to 100.

The form specifies that the name provided must exactly match the name on file with the service provider. Applicants may use a nickname or a name that hasn't been updated after a legal change, causing a mismatch that prevents the provider from linking the form to the correct account. This error leads to rejection and requires resubmission. To avoid this, carefully enter your full legal name exactly as it appears on your account statements.

The payment instructions clearly state that checks must be made payable to 'Great-West Trust Company, LLC.' Participants or their previous providers might mistakenly write the check to the participant, 'Empower Retirement,' or the plan name. An incorrectly written check cannot be deposited and will be returned, causing significant delays and potentially creating tax issues if it pushes an indirect rollover past the 60-day deadline.

Not all distributions from a retirement account are eligible for rollover. The form explicitly prohibits rolling over funds from hardship distributions, required minimum distributions (RMDs), outstanding loan balances, or Roth IRAs. Participants unaware of these rules may attempt to roll over these amounts, which will result in the rejection of the contribution and the return of funds, complicating the participant's tax situation.

For an indirect rollover, where the check is made payable to the participant, the funds must be deposited into the new plan within 60 days of receipt. People often underestimate the time required to complete paperwork and mail documents, causing them to miss this strict IRS deadline. Missing the deadline causes the entire distribution to be treated as taxable income and may incur a 10% early withdrawal penalty, resulting in a significant and unexpected tax bill.

When rolling over from a 401(k) that contains both Roth and pre-tax money, the participant must accurately specify the dollar amount for each type. This can be confusing, and people may guess or misread their statement, leading to incorrect entries. An inaccurate breakdown can lead to serious tax reporting issues, as the cost basis for the Roth portion must be tracked correctly to ensure future tax-free treatment.

The form has distinct sections and instructions for Direct Rollovers (funds move between institutions) and Indirect 60-Day Rollovers (participant receives a check). A common error is selecting the wrong type or mixing up the steps, such as failing to account for mandatory tax withholding on an indirect rollover. This confusion can lead to processing delays, rejected forms, and unexpected tax consequences.