Yes! You can use AI to fill out Incoming Rollover Request 401(k) Plan

The form distinguishes between a 'Direct Rollover' (funds move directly between institutions) and a 'Regular 60-Day Rollover' (participant receives a check). People often confuse the two, leading to incorrect paperwork and tax consequences, as a 60-day rollover can trigger mandatory tax withholding and a strict deadline. To avoid this, confirm with your previous provider how the funds will be disbursed before filling out this section.

When rolling over from a plan that contains both pre-tax (Non-Roth) and post-tax (Roth) money, participants must specify the exact dollar amount for each. Many people guess or put the total in one category, which can lead to significant tax complications and processing delays. Always refer to your most recent statement from the previous provider or contact them directly to get the precise breakdown of your Roth and Non-Roth balances.

The form repeatedly and explicitly states, 'Do not send payment with this form.' Despite this, applicants often mail their rollover check along with the paperwork, assuming it will expedite the process. This causes significant delays, as the check will be returned; the form must be received and approved *before* the new provider gives instructions for sending the funds.

The 'Select Your Own Investment Options' section requires allocations to be in whole percentages that sum to exactly 100%. Common errors include using decimals, making a calculation error so the total is not 100%, or leaving the section blank. If incomplete, the funds will be placed in a default investment option that may not match your financial goals. AI-powered tools like Instafill.ai can help prevent this by automatically calculating the total as you enter percentages.

The form requires submission of a 'Most recent Account Statement or Final Distribution Statement' from the previous provider. Forgetting to include this documentation is a frequent cause for rejection. This halts the entire process until the statement is provided, delaying the investment of your funds. Always use a checklist to ensure all required documents are enclosed before sending.

Multiple bolded warnings instruct participants enrolled in the AAG managed account service *not* to complete the investment option section. However, many fill it out anyway, creating conflicting instructions. While the AAG election typically overrides the manual selection, this can cause confusion and slow down processing. If you use AAG, you must leave the investment allocation section blank.

A particularly complex and easily missed requirement arises if the provided statement does not list the IRS plan code (e.g., 401(a)). In this case, the form requires an authorized signature from the *previous* employer's plan administrator. Failing to secure this signature will prevent the rollover from being approved, forcing the applicant to go back to their old provider and causing major delays. Since this form is a flat PDF, a tool like Instafill.ai can convert it to a fillable version, making it easier to manage and share with the previous administrator.

Applicants sometimes enter a generic company name (e.g., 'Fidelity') instead of the specific plan name, or they provide an incorrect or missing account number. This makes it impossible for the new custodian to locate and request the funds from the correct source. To avoid this, carefully copy the full plan name, administrator, and account number directly from your most recent account statement.

A missing signature or date is one of the most common reasons for a form to be immediately rejected. An unsigned form is not legally binding and cannot be processed. This simple oversight forces a complete resubmission, which can jeopardize time-sensitive transactions like a 60-day rollover. Always double-check for a signature and date in the 'Required Signature' section on page 3 before mailing.

For a 'Regular 60-Day Rollover,' the participant has a strict 60-day period from the date they receive the funds to deposit them into the new plan. People often underestimate how long the process takes and miss this deadline, resulting in the distribution being treated as taxable income with potential penalties. Furthermore, they often forget to attach the required copy of the original distribution check stub, which also halts the process. It is critical to act immediately upon receiving a distribution check.