What's involved?
Completing a rollover may take a few weeks, but Bank of Pawnee will help you through each step. Here's an overview of what to expect. Before you get started, it is helpful to have an old statement available.
Get Rolling with Bank of Pawnee
- Visit bankofpawnee.com and log in.
- Navigate to Account Summary.
- Select Rollovers.
- Click 'Get Started'.
- Follow the steps as outlined.
Kind of Rollovers Available
Roll Over to a 401K
You can pick from funds that 276 Entertainment has selected
- Taxes aren’t due unless you withdraw the money
- Your plan may allow you to take a loan from your retirement plan
- It offers broader creditor protection under federal law than an IRA
- Your plan may allow you to roll over only certain contribution types (e.g., pre-tax or Roth)
Roll Over to an IRA
- With an IRA, you can pick from a wide variety of investment choices including mutual funds, stocks, bonds, ETFs, and more
- Taxes aren't due unless you withdraw the money
- You can take penalty-free withdrawals for certain first-time home purchases or education expenses if you’re under 59 1/2
- You can roll over all contribution types to an IRA
- Note: You can choose to work with different financial service provider if you want to roll your money into a non-Bank of Pawnee IRA. Your employer does not endorse any specific provider.
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