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  • WHAT WE DO
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    • HOW WE HELP
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  • 401(K) OPTIONS
    • UNDERSTAND YOUR OPTIONS
    • KEY THINGS TO KNOW
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FAQs to ask the former 401(K) provider

Do I need a distribution form?

You might need it. In case they ask you for additional paperwork, request them to send it over to you, and we can help complete it for you.

Who else needs to sign the distribution form, aside from myself?

Mostly, it is your spouse who might have to sign the form. At times, they may want us to sign it too.

Will a Letter of Acceptance be required?

The answer is a “yes” in most cases. However, we will generate one for you.

Does my 401(K) account include company stocks?

If your 401(K) stocks have shares in the company stocks, the best way will be to call us. This is important so we can discuss how you can include those shares in your rollover account.

Where will my distribution check arrive?

You can either opt for them to send a check directly to you or us. That said, the makeup of the check is of importance here; therefore, you must ensure that the provider follows guidelines in step 3.

Additional FAQs

  • Do I need to pay any closeout fees or expenses related to the rollover process?

  • Are there any outstanding loans on my account? If yes, then how should I deal with it?

  • Are there any Roth contributions in your account? If yes, there must be both Roth IRA and Traditional IRA accounts?

Disclosure

Mark Elder is an agent licensed to sell insurance through New York Life Insurance Company and may be licensed with various other independent unaffiliated insurance companies in the states of AL, AZ, CA (CA Insurance License #0J12118), CO, CT, DE, FL, GA, IA, IL, IN, LA, MA, MD, ME, MI, MN, NC, NE, NM, OH, OK, OR, PA, SC, TN, TX, VA, VT, WA, and WI. No insurance business may be conducted outside the states referenced.

As a New York Life Agent, Mark Elder is licensed and authorized to offer insurance in California, but CLEARPATH WEALTH STRATEGIES, LLC may not be. For additional information on California licensure status, please click here.

Mark Elder is a Registered Representative of and offers securities products & services through NYLIFE Securities LLC, Member FINRA/SIPC, a licensed insurance agency, and a wholly-owned subsidiary of New York Life Insurance Company, 2600 Network Blvd Ste 130, Frisco, TX, 75034, 972-377-5214. In this regard, this communication is strictly intended for individuals residing in the states of AL, AZ, CA, CO, CT, DE, FL, GA, IL, LA, MA, MI, MN, NC, NE, OH, OK, OR, PA, SC, TX, VA, VT, and WA. No offers may be made or accepted from any resident outside the specific states referenced.

Mark Elder is also a Financial Adviser with Eagle Strategies LLC, a Registered Investment Adviser, and a wholly-owned subsidiary of New York Life Insurance Company, offering advisory services in the states of AL, AZ, CA, CO, CT, DE, FL, GA, IL, LA, MA, MI, MN, NC, NE, OH, OK, OR, PA, SC, TX, VA, VT, and WA. As such, these services are strictly intended for individuals residing in the states referenced.

Gilbert Johnson is an agent licensed to sell insurance through New York Life Insurance Company and may be licensed with various other independent unaffiliated insurance companies in the states of AR (AR Insurance License #19479700), AZ, FL, GA, MD, OK, PA, TX, VT, and WA. No insurance business may be conducted outside the states referenced.

As a New York Life Agent, Gilbert Johnson is licensed and authorized to offer insurance in Arkansas, but CLEARPATH WEALTH STRATEGIES, LLC may not be. For additional information on Arkansas licensure status, please click here.

Gilbert Johnson is a Registered Representative of and offers securities products & services through NYLIFE Securities LLC, Member FINRA/SIPC, a licensed insurance agency, and a wholly-owned subsidiary of New York Life Insurance Company, 2600 Network Blvd Ste 130, Frisco, TX, 75034, 972-903-5894. In this regard, this communication is strictly intended for individuals residing in the states of AR, AZ, GA, IN, MD, OK, TX, VT, and WA. No offers may be made or accepted from any resident outside the specific states referenced.

Trevor Houston is an agent licensed to sell insurance through New York Life Insurance Company and may be licensed with various other independent unaffiliated insurance companies in the states of AL, AZ, CA (CA Insurance License #4115650), CO, CT, DE, FL, GA, IA, IN, MD, ME, MI, MN, NC, NE, OH, PA, TN, TX, VA, VT, WA, and WI. No insurance business may be conducted outside the states referenced.

As a New York Life Agent, Trevor Houston is licensed and authorized to offer insurance in California, but CLEARPATH WEALTH STRATEGIES, LLC may not be. For additional information on California licensure status, please click here.

Trevor Houston is a Registered Representative of and offers securities products & services through NYLIFE Securities LLC, Member FINRA/SIPC, a licensed insurance agency, and a wholly-owned subsidiary of New York Life Insurance Company, 2600 Network Blvd Ste 130, Frisco, TX, 75034, 214-585-1934. In this regard, this communication is strictly intended for individuals residing in the states of AL, AZ, CA, CO, CT, DE, FL, IA, MN, NC, NE, OH, OK, TX, VT, and WA. No offers may be made or accepted from any resident outside the specific states referenced.

CLEARPATH WEALTH STRATEGIES, LLC is not owned or operated by NYLIFE Securities LLC or its affiliates.​

Neither CLEARPATH WEALTH STRATEGIES, LLC nor its associates are in the business of offering tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional before making any decisions.​

For more information about NYLIFE Securities LLC and its investment professionals.

Click here
Clear Path white logo
  • WHO WE ARE
    • OUR TEAM
    • OUR ALLIANCES
    • COMMUNITY AND INDUSTRY INVOLVEMENT
  • WHAT WE DO
    • FINANCIAL SERVICES
    • OUR PROCESS
    • HOW WE HELP
    • FUND FAMILIES WE WORK WITH
  • 401(K) OPTIONS
    • UNDERSTAND YOUR OPTIONS
    • KEY THINGS TO KNOW
    • HOW TO MOVE YOUR OLD 401(k)
    • INVESTMENT STRATEGIES
  • CLIENT RESOURCES
    • WEBINARS
    • FINANCIAL E-BOOKS
    • CALCULATORS
  • CONTACT
    • LOCATION AND CONTACT
    • SCHEDULE A MEETING
  • ACCOUNT LOGIN
    • NEW YORK LIFE
    • NYLIFE SECURITIES
    • MAINSTAY FUNDS
    • AMERICAN FUNDS
  • Schedule a Meeting

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