IPX Safe Harbor IRA Frequently Asked Questions

A letter was sent to your address of record to notify you about the change for your account. View a copy of the letter that was sent on September 18, 2023.

Safe Harbor IRA accounts are transferred to IPX by your previous employer or by a third party. The account application is required to transfer ownership of the account to you before any distribution/transfer takes place.

Transfer or Rollover requests can be completed online or via mail:

1. Online Submission
   • Complete an IRA distribution request form, providing the new custodian information in Category 1.
2. Paper Submission
   • Complete the IRA Account Application/ID verification by visiting myira.ipxretirement.com and select “Take action on my account.” Select “Accept my account”. In addition, the Transfer paperwork from the new custodian is required.
   • If the new custodian is Thrift Savings Plan, we require the Thrift Savings Plan Request for a transfer form filled out, at the time of distribution.

Current regulations prohibit the rollover of a Roth IRA to a new employer sponsored plan, regardless of plan type. However, you can transfer your Roth IRA to another Roth IRA with a new custodian.

IPX requires:

1. Transfer paperwork and Letter of Acceptance from the receiving institution.
2. IPX Account Application signed by the participant
3. Medallion Signature Guarantee may be required.
   • The participant can submit the Application online or via paper form
   • Paper form submissions require a copy of a valid ID.
   • Transfer paperwork can be sent separately, by the custodian.

The participant can complete both Application and Distribution forms with the new custodian information. Transfer forms from the custodian are not required if this option is elected.

New custodian information.

Payee: Custodian Name

Address: Custodian Address

Account Number: New IRA/Employer Sponsor Plan account number

Please visit myira.ipxretirement.com and select “Take Action on My Account.” Electing a full distribution or Rollover will close your account with IPX.

You have the ability take partial distributions via our online or paper processes. A distribution fee will be assessed for each withdrawal.

IPX does not offer scheduled distributions from your Safe Harbor IRA. Please visit myira.ipxretirement.com and select “Take Action on My Account.” You can elect a partial distribution each time you wish to withdraw from your account. A distribution fee will be assessed for each withdrawal.

You cannot make contributions into your Safe Harbor IRA account.

If an account owner passes away, the account would need to be claimed in the following order:

1. Surviving Spouse
2. Child(ren) of Decedent
3. The Estate, e.g. Parent or sibling of deceased account owner

If there are multiple children, the funds are split equally. Please call us for more information at 1-844-788-3474.

A Medallion Signature Guarantee may be required depending on the account balance and the type of distribution request.

Distribution requests are processed within 7-10 business days after paperwork is reviewed and approved by IPX.

Please call us for assistance at 1-844-788-3474.