Moving your retirement assets from a former employer's qualified plan to an Ameriprise IRA is a smart way to help take control of your financial future and keep the tax-deferred status of your investments. Although every company and plan has its own rules and procedures for rollovers, our retirement specialists can make the process surprisingly easy. You can read more about how to do it, or get started right away by applying now.
Simply complete the online application. It only takes a few minutes. You'll receive your account number, user name and password by mail, usually in five to seven business days.
You can also complete an application by phone. Just call our financial advisors toll free between 8 a.m. and 9 p.m. CT Monday - Thursday, and 8 a.m. and 7 p.m. CST Friday at (800) 257-8740. A financial advisor will walk you through the application process and answer questions you may have.
First, you must obtain and complete a distribution form. By completing this form and submitting it to the company that manages your qualified plan account (the plan administrator), you give the administrator your authorization to transfer your 401(k) or 403(b)a assets into your new Ameriprise Rollover IRA.
Call the administrator (you can usually get this number from your previous employer's human resources department). Tell the administrator that you are directly rolling your plan assets to your new Ameriprise IRA, and ask for the distribution form they use. (If they don't have their own form, ask if you can use the Ameriprise Direct Rollover Form.)
In order to complete the direct rollover form, you will need to:
For check transfers:
Make checks payable to:
Ameriprise Trust Company as custodian for: (Your name and Ameriprise
Brokerage IRA account number)
Mail to:
Ameriprise Brokerage
70400 Ameriprise Financial Center
Minneapolis, MN 55474
For wire transfers:
In order to wire funds to Ameriprise Financial, please provide the following information to your financial institution:
What happens next?
Once you provide the completed distribution form to your former employer's
plan administrator, they will begin processing your rollover request.
Many administrators process paperwork quickly (one to two weeks), but
some have backlogs. Some plans may distribute assets at certain times
of the year, while other plans allow distributions whenever requested.
You can find out how your plan works by talking with the administrator.
You can check the status of your transfer online by logging in to your new account. Assets from your plan will be posted when they are received.
Ameriprise Brokerage gives you access to wide-ranging choices of investments to suit your unique financial goals — including individual stocks, bonds and more than 3,000 mutual funds. Also we offer powerful online financial tools, including a personal portfolio assistant, that can help you allocate your retirement assets and choose the right mix of mutual funds based on sound investment strategies and your unique retirement goals.
Ameriprise Financial Services, Inc., Member FINRA & SIPC.
Find a financial advisor near you.
Have a local advisor contact you.
Call (800) 882-1244 and speak with an associate, 7 a.m. to 7 p.m., Central time, Monday through Friday.