Yes! You can use AI to fill out Rollover/Transfer Request — ABLE Account

Applicants often mistakenly use this form to change an account beneficiary, which is explicitly disallowed in the form's header. This form is solely for rolling over or transferring assets from a 529 or another ABLE account into a Fidelity ABLE account. Using it for other purposes results in immediate rejection and significant delays in completing the intended action.

A common process error is submitting this rollover request without first opening the destination Fidelity ABLE account. The form clearly states this is a prerequisite, and failure to do so will cause the entire request to be put on hold or rejected. To avoid this, you must go to Fidelity.com/ABLE and complete the account opening process before filling out or submitting this transfer form.

The signature requirements in Section 6 are complex and frequently missed. While the PSA or Beneficiary must sign in 6a, users often forget that if a 529 account is involved, all participants of that 529 account must also sign in section 6b. A missing signature is one of the most common reasons for rejection, requiring the form to be re-submitted and delaying the transfer.

Applicants often overlook the requirement for a Medallion Signature Guarantee, or they confuse it with a standard notary stamp. This specific guarantee is required under certain conditions, such as a transfer over $10,000 where the 529 participant is different from the ABLE account signer. Submitting the form without a required Medallion guarantee will halt the process until a correctly-signed form is provided.

A critical financial mistake is not realizing that a rollover from a 529 plan is considered a contribution to the ABLE account for that year. This amount, combined with any other contributions, cannot exceed the annual maximum. Overlooking this can lead to excess contribution penalties and compliance issues with the IRS, requiring corrective action.

When performing a rollover, a statement from the distributing institution showing the breakdown of principal versus earnings is required. If this document is not provided, the IRS requires Fidelity to treat the entire rollover amount as earnings, which can have negative tax implications for the beneficiary. Always request this statement from your current administrator and submit it with your rollover check or ensure Fidelity can obtain it.

Users frequently fill out the wrong section for their situation, causing confusion and delays. For example, they might complete Section 2 (60-Day Rollover) when they don't have a check in hand, when they should have used Section 3 or 5 to request that Fidelity initiate the transfer. Carefully reading the title of each section is crucial to ensure the correct one is completed.

In Sections 3 and 5, applicants must provide the full details of the firm they are transferring assets from, including the correct account number, firm name, and address. Any missing or incorrect data will prevent Fidelity from being able to contact the other institution to request the funds. This data entry error is a primary cause of failed or delayed transfers, so it's best to copy this information directly from a recent account statement.

A simple but surprisingly common logistical error is sending this completed form to the current ABLE or 529 plan administrator instead of to Fidelity. The instructions clearly state to submit the form directly to Fidelity using the addresses provided on the final page. Sending it to the wrong firm means the request will never be processed by Fidelity and will likely be lost or returned after a long delay.

When filling out a partial liquidation in Section 4 or 5, users sometimes create ambiguity by checking both 'Full Liquidation' and filling out partial amounts, or the sum of individual portfolio amounts does not match the 'Total Amount' field. This conflict requires Fidelity to contact the applicant for clarification, pausing the transfer process. To avoid this, double-check that only one liquidation option is chosen and that all figures are accurate and consistent. AI-powered tools like Instafill.ai can help prevent these errors by validating data as it's entered and ensuring logical consistency. If the form is a non-fillable PDF, Instafill.ai can also convert it into an interactive, fillable version to reduce manual errors.