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Rollovers into the Supplemental Plan

A rollover is when you transfer money into your Supplemental Plan account.

You can roll over money from:

  • The Basic Plan. If you are eligible to receive a lump sum payment from the Basic Plan, you can transfer all or part of your lump sum into your Supplemental Plan account.

  • An outside retirement plan. The Supplemental Plan also accepts rollovers from qualified retirement accounts, including but not limited to:

    • IRAs,
    • 401(k) plans,
    • 403(b) plans,
    • 457 plans, and
    • any qualified plans as described in IRS code section 401(a).

Rollovers are not accepted from Roth IRAs and Roth 401(k) plans.

Advantages of Rolling Over Funds into the Supplemental Plan

As a Pension Plan participant, you have exclusive access to the Supplemental Plan. This access provides you with certain key advantages:

  • Diversity. The Supplemental Plan’s portfolio includes a wide-ranging mix of investments, including domestic and international stocks, bonds and real estate. In addition, the Supplemental Plan also features an allocation to alternative investment vehicles that are not typically available to individual investors.

  • Low Cost. The Plan does not charge any commissions or loads. If you roll over money into the Supplemental Plan, you will not be charged any fees beyond the costs of administering the fund, which includes fees paid to our investment managers.

  • Stability. The Supplemental Plan is overseen by the Finance Committee of the Pension Plan’s Board of Trustees, in consultation with our independent pension consultant and an experienced team of investment professionals. Over the years, the Finance Committee, which works solely for the benefit of Plan participants, has developed an investment strategy that seeks to maximize returns and reduce risk through a well-diversified portfolio managed by a team of experienced investment managers.

  • Convenience. Rollovers into the Supplemental Plan give you fewer pension accounts to track and manage.

Frequently Asked Questions About Rollovers into the Supplemental Plan

Am I eligible to roll over funds into the Supplemental Plan?

All DGA-Producer Pension Plan participants, both active and retired, and surviving spouses, regardless of age, are eligible to roll funds into the Supplemental Plan.

Can I move money from the Basic Plan to the Supplemental Plan?

If you are eligible for or elect to receive a lump sum payment from the Basic Plan, you can rollover all or a portion of the lump sum benefit over into the Supplemental Plan.

Do I have to pay taxes on my Supplemental Plan investment returns?

Much like a 401(k) plan or an IRA, Supplemental Plan investment returns are tax-deferred. You do not pay any taxes until you withdraw funds from the Plan.

Can I control how my Supplemental Plan rollover funds are invested?

No. All monies in the Supplemental Plan , including rollovers, are invested by the Supplemental Plan’s experienced investment managers under the direction of the Finance Committee of the Board of Trustees. Over the years, the Finance Committee, working solely for the benefit of Plan participants, has developed an investment strategy that seeks to maximize returns and reduce risk through a well-diversified portfolio managed by a team of experienced investment managers.

When am I eligible to withdraw my rollover funds out of the Supplemental Plan?

Typically, as early as age 60. Early withdrawals are available in the event of disability or death of the participant.

Can I transfer money from my standard brokerage account or my bank savings account?

No. The Supplemental Plan only accepts rollovers from qualified retirement plans.

What kinds of fees will I be charged in connection with the rollover?

There is no cost to you beyond the actual cost of administering the Supplemental Plan . You will never be charged loads, commissions or other fees that are typically charged by other investment options.

In addition, the size of the Supplemental Plan portfolio gives us the ability to negotiate lower fees and provides access to investments not generally available to small investors.

How do I initiate a rollover?

You can send us a completed Supplemental Plan Incoming Rollover Form. If you have any questions or need assistance completing the form, contact the Pension Department at (323) 866-2200, ext. 404 or toll-free at (877) 866-2200, ext. 404.