This promotion has expired.
Ring in the New Year with a retirement rollover bonus
Let the good times roll with your nest egg in one place. Roll over your 401(k), 403(b) or another employer-sponsored retirement plan by February 28 and you could earn an investment bonus of $500–$5,000.
How big could your investment bonus be?
David has had a lot of jobs over the span of his thirty-year career. And while he’s always contributed to his employer-sponsored retirement account, his nest egg is now spread out across providers.
This year, he’s changing jobs again. He has $50,000 in his 401(k). Plus, he’s contributed a total of $200,000 to other 401(k) plans through previous jobs.
His New Year’s resolution for 2024 is to streamline his finances. So, he decides to consolidate his retirement accounts into an M1 IRA
He rolls over $250,000 total, scoring a bonus of $1,000 to put toward his investment goals. Better yet, he’s axed the pesky fees and loves finally overseeing his own account.
How to roll over your 401(k)
Open an M1 IRA account
First, you’ll need to open a retirement account in M1.
Initiate your rollover
Then, you’ll have to move your money from your account provider to M1.
This usually takes a few steps:
- Call your plan provider to initiate a rollover. They’ll likely provide your funds via check.
- Instruct them to make your check payable to “Apex Clearing FBO [Your Name]”(FBO stands for “For the benefit of”)
- When you receive your check, write your M1 account number in the memo line.
- Send it as guaranteed mail to:
Apex Clearing c/o BPO
350 North St. Paul Street #1300
Dallas, TX 75201
Funds should arrive in your M1 account in one to two weeks.
If you need more information, check out this Help Center article.
Ready to get rolling?
A rollover is only one of your retirement investment options. Other options include leaving the money at an old employer plan, moving it to a new employer plan, or cashing out. There may be benefits of leaving your investments in an employer plan, including but not limited to the benefit of an employer match or loan options. Please see IRS guidance about rollovers for additional details.
401(k) and IRA Rollover Promotion: Transfer a retirement account to M1 and earn up to $5,000
During the Promotion Period, new and existing M1 customers that transfer an employer sponsored retirement account (401k, 403b, or 457 plans) to M1 can earn up to $5,000. Here’s how to get started:
1. Open an M1 IRA account (and Payment Account)
2. Initiate the rollover- (see FAQs)
3. Check delivery and deposit
4. Prepare you M1 account for your rollover check
5. Promotional Credits (see table below) will be paid to eligible clients on January 31, 2025
For more information on getting started, see our FAQs
TERMS AND CONDITIONS
Promotion Period: January 10, 2024 (12:00 AM EST) through February 28, 2024 (11:59 PM EST).
During the Promotion Period, this promotional offer is valid for new and existing M1 customers who successfully complete a retirement account rollover of at least $100,000 in aggregate (“Transfer Account Value1”) during the Promotion Period (the “Rollover Promotion”). The appropriate M1 retirement account must receive a rollover funds request prior to expiry of the Promotion Period, and must also receive the rollover funds no later than fourteen (14) days after expiry of the Promotion Period. Any unsuccessful rollovers (requests, funds, etc) will be deemed ineligible. This offer is non-transferable, and not valid with any of the following: (i) internal transfers, (ii) ACH deposits (bank transfers), or (iii) wire transfers. Any rollover funds in the form of a written check must be post-marked no later than the last day of the Promotion Period, and received no later than fourteen (14) days after the close of the Promotion Period. Proof of mailing does not constitute proof of delivery. M1 is not responsible for any carrier loss or delay in delivery.
Cryptocurrency, ACATS, internal transfers, ACH or wire transfers are not eligible for retirement rollovers. Additionally, any security transferred via rollover that is not traded by M1 will be liquidated, including but not limited to Mutual Funds and Over-The-Counter securities.
If you satisfy the aforementioned conditions, M1 will make a one-time deposit into the cash balance of your M1 Payment Account3 equal to the applicable Promotional Credit2 based on the aggregate Transfer Account Value1 (see table below) on January 31, 2025 (the “Payout Date”), however, the following accounts are ineligible to receive any Promotional Credit: any retirement, custodial or trust accounts. The “Transfer Account Value” is determined as the current market value of all holdings and cash transferred during this Promotion Period, in aggregate, on the day the transfer is completed to the qualifying account which must remain equal to, or greater than, the value after the net deposit was made (minus any losses due to trading, market volatility or margin debit balances) at time of the Payout Date. Reallocation of any Transfer Account Value funds transferred for this Rollover Promotion either externally, or internally to any other M1 services (e.g., M1 Spend), prior to the Payout Date will disqualify you from the Rollover Promotion. The Promotion Credit deposited by M1 is a fixed cash value and does not constitute stock or any other security, nor is it a recommendation to buy any specific stock or other security. M1 may charge the account for the cost of the offer at its sole discretion. M1 reserves the right to restrict or revoke this offer at any time. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business.
|Transfer Account Value1
|$100,000 – $249,999.99
|$500,000 – $999,999.99
Any Promotional Credits will not be applied for any transfer which has completed retroactively.
This Spring Promotion is independent from the M1 Referral Promotion available to you at any given time, but you are expressly prohibited from qualifying for or combining this Spring Promotion with any other ACATS promotion during this Promotion Period, if any.
3 Payment Accounts
Any Promotional Credit2 is deposited into your designated Payment Account. A “Payment Account” must be an individual or joint brokerage account (funding not required). A Payment Account cannot be a retirement or cryptocurrency account. You are required to have a valid Payment Account to receive any Promotional Credit.
If you have more than one taxable account, you can change the Payment Account at any time from Settings>Payment.
General Conditions: By participating in this Rollover Promotion, you agree to release, discharge, indemnify, and hold harmless, M1, its affiliates, retailers, and advertising and promotion agencies, and all of their respective officers, directors, members, managers, partners, and employees from any liability or damages that may arise out of participation in this Rollover Promotion or out of acceptance, use, misuse or possession of the cash deposit attained through this promotion. All applicable federal, state, and local laws and regulations apply.
Taxes related to M1 promotional offers are your responsibility. All promotional items and cash received during the calendar year will be included on your consolidated Form 1099. You are encouraged to consult a legal or tax advisor for the most recent changes to the U.S. tax code and for rollover eligibility rules.
The Promotion Period expires at 11:59pm ET on February 28, 2024. M1 is the sole timekeeper of this promotion.