Automatic Rollover

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Definition: Automatic Rollover

Automatic Rollover
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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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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

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https://payrollheaven.com/define/automatic-rollover/
Modern Language Association (MLA):
Automatic Rollover. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 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: April 19, 2024).
American Psychological Association (APA):
Automatic Rollover. PayrollHeaven.com. Retrieved April 19, 2024
, 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.