Welcome to the Safe-Harbor-IRA®
The Safe-Harbor-IRA® is an automatic rollover IRA program developed by Centier Bank exclusively for missing or non-responsive terminated plan participants. Your former employer has made Centier the trustee of your automatic rollover, meaning your plan balance is now in a Safe-Harbor-IRA®.
Safe-Harbor-IRA® - Account Holder
If you just received your Welcome Letter and have not yet claimed your automatic IRA rollover, please take a minute to look through the documents and forms available here.
To claim your IRA, read through Form 5305 and the Disclosure Statement and fill out and print the following documents:
- Safe-Harbor-IRA® Application and Adoption Agreement
- Safe-Harbor-IRA® Beneficiary Designation or Change Form
Mail or scan and email (SafeIRA@centier.com) these two forms, along with a copy of your valid Driver’s License or other Government issued photo ID, to claim your IRA. You can send the forms back in the postage-paid yellow envelope that was included in your welcome letter, or if you no longer have that envelope, you can address an envelope to:
9701 Indianapolis Blvd
Highland, IN 46322-2620
In 2005, the Department of Labor issued regulations providing a way for retirement plan sponsors to remove small balance accounts of former employees from the company plan by creating an IRA on behalf of the former employee. These rules permit plan sponsors to save the time, money and personnel resources required to maintain these balances while still maintaining a secure, tax sheltered retirement fund for these employees. Such transfers are called “automatic rollovers.”
The Safe-Harbor-IRA® is an automatic rollover IRA program developed by Centier Bank exclusively for missing or non-responsive terminated plan participants. Your former employer has recently made Centier the trustee of your automatic rollover and has asked us to confirm that your plan balance is now in a Safe-Harbor-IRA®. As a result of this action, you can either leave your vested balance in the Safe-Harbor-IRA®, which will continue building your retirement savings, or elect another option.
Once you have completed the required forms (see First Time Visitor? above) and returned them to us, you will be able to access your account online by clicking the orange “Accunet Online Account Access” button at the top of the page, or by clicking here.
You have several options regarding what to do with the funds in your Safe-Harbor-IRA®. These options become available to you once you have completed and returned the required forms (see First Time Visitor? above) to claim ownership of your IRA.
- You may decide to leave your funds with Centier and continue to save for your retirement by making regular tax-deductible contributions to your Safe-Harbor-IRA® account. Please refer to the “Investing Your Funds” section for a list of your investment choices.
- If you have a new employer who offers a retirement plan (profit sharing, 401(k) or other type of plan), you may be able to rollover your funds to that plan. Contact your plan administrator or human resources department for instructions.
- You can transfer your account to another IRA provider. In this case, it is very important that you talk to the provider to find out what you need to complete the transfer and then contact us with that information.
- You may be eligible to receive a distribution from your IRA account. Please remember, a withdrawal is a taxable event. If you want your funds sent to you, fill out a Distribution Request (listed in the “Forms and Other Important Documents” section) and mail or fax it to us. The fax number is 219-924-1757.
The Department of Labor regulations require that all funds placed in an automatic rollover IRA be invested in a qualified investment. This investment is defined as an investment product designed to preserve principal and provide a reasonable rate of return that is consistent with liquidity. While the DOL required investment option may change from time to time depending on current market conditions, we typically use a Centier Bank high-yield, FDIC insured bank deposit that pays premium interest rates. Whatever the option, Centier is always looking for the best investment opportunity for our Safe-Harbor-IRA® participants. After you have asserted ownership and control over the account, you have a full range of market investment options available to you.
The initial investment for your funds will be selected by the plan sponsor (your former employer). If the plan sponsor does not direct which investment option to use, Centier will make that election based on an analysis of current interest rates paid by each product and other factors.
You can leave your funds invested in the initial option established for your account or direct them to be invested in a wide range of other investment options that you may select. If your account balance is at least $2,000, such options would include building your own asset allocation model or selecting individual mutual funds or investment securities.
Learn about asset allocation and diversified Pro-Blend Funds. Review the information in the link below and then take the short quiz which will guide you to one of the four funds that corresponds with your answers. After reviewing, contact Diane M. Trela at email@example.com with your choice or with any questions that you may have.
For questions about the Safe-Harbor-IRA®, including why your plan balance was transferred, what your options are, how you can invest your funds, and more, read through the Frequently Asked Questions About Safe-Harbor-IRA® brochure.
Please feel free to contact the Centier Safe-Harbor-IRA® team with any questions you may have. We will do our best to provide you with World Class Service! We welcome you to call us at 1-219-924-1647, or send an e-mail to SafeIRA@centier.com.
Securities and Insurance Products are: Not FDIC insured. May lose value. No bank guarantee.
Not a deposit. Not insured by any federal or state government agency.