Transferring 401(k) assets from a former job into a Domini IRA may require several steps, depending on the requirements of your retirement plan. We recommend calling your previous retirement plan administrator for details on how to proceed.
Most likely, you will need to follow one of these three scenarios (if your company offers a SEP or SIMPLE retirement plan, call 1-800-582-6757 to ask how to add the Domini Funds to your plan).*
Scenario 1: Open an account and then obtain funds.
Establish a Domini Funds IRA with zero funds by filling out an IRA application. Check the “Rollover IRA” box on page 1 under “Type of IRA.” Mail the form to us and wait for a confirmation by phone, which will include a number for your new account. If you do not receive a confirmation within 7 days, call us at 1-800-582-6757.
Next, give your new account number to your former plan administrator and ask for further instructions regarding the transfer of the funds. Your plan administrator will let you know if a check made out to “Domini Funds”** will be sent to you or to Domini. If the check is sent to Domini, you will receive a confirmation. If the check is sent to you, please send it to Domini with a completed Rollover Certification Form. To avoid tax penalties, we must receive this check within 60 days of the date it was issued.
Scenario 2: Obtain funds and then open an account.
Request a check from your plan administrator made out to “Domini Funds.”** If you will be depositing the check into a new Domini IRA, send the check to us along with your completed IRA Application and Rollover Certification Form. Check the “Rollover IRA” box on page 1 of the application under Type of IRA. If you will be depositing the check into an existing Domini IRA, send the check to us along with your completed Rollover Certification Form.
Scenario 3: We arrange your rollover.
Fill out an IRA Application and Transfer of Assets/Direct Rollover Form and return them to us. We will contact your plan administrator to arrange for the transfer. When the transaction is complete, you will receive a confirmation in the mail.