Plan Termination Services
Resources for a Smoother Transition
ADP and American Century Investments® are working together to streamline the plan termination process and help you distribute plan assets easily and efficiently.
Plan Termination: Next Steps
Notify Plan Participants
Send all participants information about the automatic rollover distribution from the plan. You are required to notify participants via certified mail 60 days before the distribution date you chose.
Use the sample termination notice or create your own.
Educate Participants About the Transition
Following the termination notification, communicate to participants that American Century will help them through the transition from your plan. Use our email template, which links to our FAQ flyer that provides information about the American Century services available to them.
ADP Distributes the Assets
ADP transfers the plan assets to American Century. Then American Century will begin a six-month outreach to assist participants with their new IRA accounts. ADP files the final Form 5500.
Resources and Education
American Century has prepared sample documents and information to make the termination notification process easier. You can direct plan participants to americancentury.
Sample Plan Termination Notice
Notify participants of the approaching termination, and inform them of their options.
Sample Education Notification Email
Send an email notification of the transition, with a link to the americancentury.com/adpterm.
Participant Frequently Asked Questions Flyer
Provide the FAQ flyer as an additional resource for plan participants.
Participant Options
Plan participants can decide what to do with the assets from the terminated plan.
Participant choice. Participants have 60 days to move their money out of the plan if they choose. After that, it will automatically roll over into an American Century Rollover IRA, preserving the money's tax-deferred status.
Complimentary support. American Century’s dedicated Rollover Specialists provide distribution education and rollover guidance for all participants. Advice services are also available.
Low costs. Participants pay low American Century account setup fees with minimal account maintenance fees.
Wide range of products. Participants can choose from a variety of American Century investment options to help achieve their retirement goals.
About American Century Investments
American Century Investments has a long history of serving retirement plans and helping clients on their retirement path. Our dedicated consultants have worked with plan sponsors and recordkeepers to make plan terminations a smoother transition.
40% of Our Dividends Help Defeat Diseases
We have two powerful missions: To help our clients succeed financially and to fund life-changing medical research. 40% of our dividends go to our largest owner, the Stowers Institute for Medical Research, an incredible place where scientists seek to defeat diseases that touch all of us. Like cancer. And Alzheimer’s.
We’re Here to Help
We’re committed to making this as straightforward as possible for both you and your participants.
Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.
American Century's advisory services are provided by American Century Investments Private Client Group, Inc., a registered investment advisor. These advisory services provide discretionary investment management for a fee. The amount of the fee and how it is charged depend on the advisory service you select. American Century’s financial consultants do not receive a portion or a range of the advisory fee paid. Contact us to learn more about the different advisory services. All investing involves the risk of losing money.
This information is for educational purposes only and is not intended as a recommendation or fiduciary advice. Advisers, plan sponsors, recordkeepers, consultants, and other financial professionals may enter an agreement with American Century as part of this referral platform, and they may receive referral payments from American Century as part of that agreement. Payments may be based on the amount of assets that referred clients invest with American Century, and these payments may continue as long as they remain clients of American Century.
This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.
You should consider the fund's investment objectives, risks, charges and expenses carefully before you invest. The fund's prospectus or summary prospectus, which can be obtained by calling 1.800.345.2021, contains this and other information about the fund, and should be read carefully before investing. Investments are subject to market risk.
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