Summary
This guide outlines the process for transferring retirement plans to 401GO. The document begins by detailing the initial steps required for plan sponsors, which include reviewing and signing new plan documents and receiving support assignments. A client success manager serves as the main point of contact, while an implementation specialist assists in the plan transfer process. The first phase involves establishing the plan with 401GO, which includes submitting the existing adoption agreement and performing a due diligence review to identify protected benefits. The second phase focuses on transferring funds from the prior provider, with a typical timeline of 45-60 days. During this period, participants will lose access to existing funds but can set up new accounts with 401GO and begin contributing. Once the assets are transferred and allocated to participant accounts, the process is complete, allowing employees to manage their retirement savings through the 401GO mobile app.
