Rollover your 401(k)/IRA

After opening an IRA with Eventide Funds, you can rollover assets from another IRA or a previous 401(k) into your new Traditional IRA or Roth IRA at Eventide Funds.

When you roll over 401(k) assets from a retirement plan at your former employer, it is important to avoid a pitfall that can occur during the transfer process. If you take the money from your old 401(k) directly, your employer will withhold 20 percent for the payment of income taxes in case you decide to keep the money. Provided that, within 60 days, if you put the cash into a qualified tax-deferred account like an IRA, the 20% of funds that had been withheld will flow into your new account. But if you miss this 60-day window, the withheld funds will instead be paid as taxes.

Therefore, for both your 401(k) to IRA transfer and IRA to IRA transfer, it is advisable to do so via a direct (“trustee to trustee”) transfer, where the distribution check is made out to the trustee or custodian of the destination IRA account. To do so, notify your current custodian that you plan to transfer your money to your Eventide IRA using the custodian-to-custodian transfer. Alternatively, if you decide to transfer the rollover money directly to your own account, remember that you then have only 60 days to deposit the money into a new Eventide IRA account before incurring tax consequences.

For accounts involving the rollover of funds from a 401(k) or another IRA into an IRA at Eventide, the application process requires that you:

• Open appropriate Eventide IRA account (either online or via mail).

• Download and complete Account Transfer Form

• Mail Transfer Form and most recent Account Statement (from current account custodian) to:

Eventide Gilead Fund
c/o Matrix Capital Group, Inc.
630-A Fitzwatertown Road 2nd Floor
Willow Grove, PA. 19090-1904

 

We will contact your current custodian to facilitate the rollover process. With any questions, do not hesitate to call us toll free at: 1-877-771-3836.