Transfers Flashcards
TFLIC
Transamerica Financial Life Insurance Company
BEL
Back End Load
The interest rate new contributions will receive for the first year they are deposited.
The Declared Interest Rate
Rate of interest money previously deposited will receive.
The Renewal Interest Rate
Rate of interest
The Guaranteed Interest Rate
FIFO
First In First Out
LIFO
Last In First Out
PCRA
Personal Choice Retirement Account
Two forms needed to enroll in PCRA
- Schwab Limited LPOA
2. Supplement to the Schwab Arbitration Agreement
What is the minimum dollar amount of the initial transfer to PCRA?
$1000
Restricts a participant from transferring money from the fixed fund into the Money Market, HQBC(High Quality Bond) PCRA
Competing Funds Rule
Restricts a participant from transferring money from a fixed account to a non-competing (equity) fund and back to the fixed fund within 90 days.
Equity Wash Rule
The amount available to transfer from the fixed fund (GDAH/GFF) is limited to the greater of these per contract year.
34%/$1000
If participant transfers money INTO the TRS International fund on plan and then back OUT within 5 business days, they will NOT be able to transfer back to the International fund for 90 days.
International Market Timing Rule
Reflects an increase of 2% over the current savings rate
1st alternative
