Roll It Over
A recent study found that Americans lost track of $7.7 billion in retirement savings over a span of 12 months! That’s one big reason why it makes sense to keep your accounts in one spot.
What’s a Rollover?
A rollover means transferring money from one retirement account into another account. For example, if you’ve recently changed jobs, you can roll over your account with your previous employer into your Conduent Savings Plan.
When you roll over your account, you’ll keep earning tax-deferred retirement income and avoid the tax consequences of taking the money as an early distribution. In addition, you can:
Receive one statement, which makes it easier to track your savings.
Develop a cohesive investment strategy so you can monitor your investments better.
Accurately predict whether you’re on track to meet your retirement savings goals.
How To Roll Over Your Account
The rollover process involves two steps.
Request a rollover contribution form from the Conduent Savings Plan.
Log in to BenefitsWeb.
Call the Customer Care Center at 1.888.401.INFO (4636), Monday through Friday (excluding holidays) from 8 a.m. to 8 p.m. Eastern time.
Request a rollover from your prior plan recordkeeper or IRA custodian. Once you receive the check, mail the check and the completed rollover contribution form to the address listed on the form.