IRA and Retirement Plan Rollover Chart

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IRA and Retirement Plan Rollover Chart

Refer to this chart to see where you can – and cannot – move your retirement funds.

	Roll to
	Traditional IRA	Roth IRA	SIMPLE IRA	SEP IRA	Qualified Plan¹	Roth Assets in a 401(k), 403(b), or 457(b) Plan	403(b) Plan²	Governmental 457(b) Plan
Traditional IRA	YES³	YES⁴	YES^3,9	YES³	YES⁸	NO	YES⁸	YES^5,8
Roth IRA	NO	YES³	NO	NO	NO	NO	NO	NO
SIMPLE IRA	YES³, after 2 yrs	YES⁴, after 2 yrs	YES³	YES³, after 2 yrs	YES, after 2 yrs	NO	YES, after 2 yrs	YES⁵, after 2 yrs
SEP IRA	YES³	YES⁴	YES^3,9	YES³	YES	NO	YES	YES⁵
Qualified Plan¹	YES	YES⁴	YES⁹	YES	YES	YES^4,6	YES	YES⁵
Roth Assets in a 401(k), 403(b), or 457(b) Plan	NO	YES	NO	NO	NO	YES⁷	NO	NO
403(b) Plan	YES	YES⁴	YES⁹	YES	YES	YES^4,6	YES	YES⁵
Governmental 457(b) Plan	YES	YES⁴	YES⁹	YES	YES	YES^4,6	YES	YES

1) Qualified plans include, for example, 401(k), profit sharing, money purchase, target benefit and defined benefit plans. Qualified plans are not required to accept rollovers (although most do).

2) Sit Mutual Funds no longer offers 403(b) plans. If you would like to take a distribution or have questions on your account, please contact us.

3) As of January 1, 2015, only one rollover is allowed in any 12-month period. This limitation does not apply to direct transfers.

4) This is a taxable transaction.

5) The plan must have separate accounts to track the funds.

6) This is done as an in-plan rollover and cannot be reversed.

7) Must be done as a direct transfer.

8) Non-deductible contributions cannot be rolled into a qualified, 403(b) or 457(b) plan.

9) After December 18, 2015, and only after two years of participation in the SIMPLE IRA.

For more information, please contact Steve Benjamin at 612-359-2554 or 800-332-5580, ext. 554.