Retirement Consolidation Center

Consolidate with Confidence

Transfer Center Header

Help your clients consolidate and get on track with Security Benefit. Here, you will find resources to:

  • Help you remain compliant with Regulation Best Interest (Reg BI)
  • Presentations to help you engage your clients
  • Materials to educate your clients on the options available to them
  • Education on Security Benefit products and services
  • Forms needed to conduct transfer and rollover transactions

There are multiple factors to consider when you make a recommendation for clients to rollover or transfer assets into one account. We hope this Transfer Center can serve as a valued resource to make sure you are acting in the best interest of your clients.

Advisor Mutual Fund Program

Through our Advisor Mutual Fund program, you can offer clients a retirement platform with low minimums, simple fee structure and flexible investment options from brand names including:

  • Vanguard Funds®
  • American Funds®
  • BlackRock®
  • T. Rowe Price

With no fund exchange fees and 140 different investment options, it is a great platform to provide diversification to those clients who want to rollover or transfer their funds into one account.

403(b)/IRA/Roth IRA Comparison for 2021

  403(b) Traditional IRA Roth IRA
Target Market Public educational institutions,
churches, non-profit hospitals
and health organizations, and
other 501(c)(3)
Individual with a taxable
income
Individual with a taxable
income subject to your modified
adjusted gross income (MAGI)
and income filing status
Eligibility Maximum Requirement - Upon
hire for employee deferrals;
age 21 with 2 years of service
for employer contributions
Income Phase Out for
Deductibility if Covered by a
Retirement Plan
Adjusted Gross Income (AGI)
Limits 2021;
Joint Filers
$105,000 - $125,000,
Single Filers
$66,000 - $76,000
MAGI Limits 2021;
Joint Filers
$198,000 - $208,000,
Single Filers
$125,000- $140,000
Key Features Tax-deferred investing
and growth; Investment
flexibility; Taxes are due
when withdrawals are made;
Distributions may begin at
age 55 and separated from
service or after age 59½
without penalty; Required
Minimum Distributions begin at
age 70½ (if prior to 12-31-2019),
or age 72 (effective 1-1-2020)
Tax-deductible contributions;
Tax-deferred growth; Taxes
are due when withdrawals
are made; Distributions may
begin after age 59½ without
penalty; Required Minimum
Distributions begin at age
70½ (if prior to 12-31-2019), or
age 72 (effective 1-1-2020)
Contributions are made on an
after-tax basis; Tax-deferred
growth; Qualified withdrawals
are tax-free; No Required
Minimum Distributions
Contributors Employee deferrals and
Employer depending on plan
Individual Individual
Max Contributions $19,500 Salary Deferral
Roth contributions — check with
your employer for availability
$6,000
Contributions may continue
after age 72 if you have
earned income
$6,000
Contributions may continue
after age 72 if you have
earned income
Catch-Up Contributions (Over Age 50) $6,500 $1,000 $1,000
Maximum Annual Employer Contribution Up to 25% of eligible
compensation
N/A N/A
Vesting Depends on the plan (applies
to Employer contributions)
N/A N/A
Loans Yes N/A N/A
DOWNLOAD PRINTABLE COMPARISON CHART

 

Your Sales Team

Please contact us to learn about the solutions and resources designed specifically to help grow your practice.

FINANCIAL PROFESSIONAL USE ONLY — NOT FOR USE WITH CONSUMERS

Services are offered through and securities are distributed by Security Distributors, a subsidiary of Security Benefit Corporation (Security Benefit).

Diversification does not assure a profit or protect against loss in a declining market.

The Security Benefit Advisor 403(b)(7) is a Custodial Account under §403(b)(7) of the Internal Revenue Code. The Security Benefit Advisor 457 is a Trust Account under §457 of the Internal Revenue Code. Security Benefit Advisor IRA is an IRA Custodial Account under §408(a) of the Internal Revenue Code. Securities are distributed by Security Distributors, a subsidiary of Security Benefit Corporation (Security Benefit).