Automatic Rollover

Business, Legal & Accounting Glossary

Definition: Automatic Rollover


Automatic Rollover


Full Definition of Automatic Rollover


Small amount of money between $1,000 and $5,000 which is automatically transferred from one IRA to another without authorization from the owner. Automatic rollovers generally occur when an employee changes jobs; or anytime there is a small amount of money remaining in an IRA after a plan administrator transfers funds to a new account on behalf of the owner.


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https://payrollheaven.com/define/automatic-rollover/
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Automatic Rollover. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 03, 2021 https://payrollheaven.com/define/automatic-rollover/.
Chicago Manual of Style (CMS):
Automatic Rollover. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/automatic-rollover/ (accessed: December 03, 2021).
American Psychological Association (APA):
Automatic Rollover. PayrollHeaven.com. Retrieved December 03, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/automatic-rollover/

Definition Sources


Definitions for Automatic Rollover are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.