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Hand
Benefits & Trust founded its broker/dealer subsidiary, Hand
Securities, Inc., in 1998 to facilitate the daily trading of
equities, mutual funds, and bonds for our client's employer sponsored
retirement plans. By establishing Hand Securities, HB&T gained
direct access to investments on all of the markets as well as to more
than 3,500 mutual fund choices. As an independent third party
administrator, trustee and investment manager, HB&T will use
these strategic advantages to provide clients with balanced, unbiased
and cost-effective investment solutions.
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Now, Hand Securities has taken the next step to
assist our clients with their retirement needs by offering Rollover
Individual Retirement Accounts as well as self-directed retirement
accounts under an employer's qualified retirement plan. If you or
any of your participants expect to receive a retirement or
termination payout from your employee sponsored retirement plan, you
can continue to benefit from the tax-deferred status of your funds
through a Rollover IRA at Hand Securities.
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With Hand Securities you have the choice of placing
orders for stocks and mutual funds through online trading, or by
contacting our broker services desk. Online transaction orders are
accepted for almost any domestic security traded on a major
exchange, including listed equities, OTC stocks, and preferred
stocks. You can choose no-load or no transaction fee (NTF) mutual
funds as well. We also offer a wide variety of competitively priced
corporate bonds, U.S. Treasuries, tax-free municipals and
zero-coupon bonds, all available through our broker services desk.
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Individual investors may prefer opening a personal
brokerage account as well as other retirement, custodial and
educational accounts including the increasingly popular 529 College
Savings Plan. Based upon your investment objectives and the assets
in your account, Hand Securities can offer a variety of solutions
to help you reach your investment and retirement goals. For more
information or to open an account, please contact:
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Hand Securities, Inc
Attn: Kelli Hill
5700 Northwest Central Dr., Suite
400
Houston TX
77092
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Hand Securities, Inc. offers securities
transaction services through a correspondent relationship with
PrimeVest Financial Services. Member FINRA/SIPC.
Hand
Securities ensures the safety of our investors through proper
business continuity planning. More information is available
by clicking the following link:
PrimeVest
Business Continuity Plan Summary
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Rollover Your IRA: Don't Let Your Savings Retire
Before You Do
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[Return To Top]
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If you expect to receive a retirement or termination
payout from your employee sponsored retirement plan, you can continue
to benefit from the tax-deferred status of your funds through a
Rollover IRA at Hand Securities.
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Leaving your current employer is certain to make you
ask the question "what about my retirement savings?"
Should you leave it in your current employer's retirement plan?
Use the money today? Move it into another retirement account?
The choices can be overwhelming, but Hand Benefits & Trust, Inc.
makes it simple.
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Consider
your options:
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Option 1
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Keep your retirement savings in your current
employer's plan. While this is certainly the easiest route, it may
not be available to you or is offered for an additional fee.
Moreover, it may not be the best plan from which to choose, once
you compare the investment benefits and options in your new
employer's retirement plan or consider an individual retirement
account option.
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Option 2
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Transfer your savings from your current employer's plan
into your new employer's plan. This option is attractive when your
new employer's plan offers better benefits and more investment
options than your current employer's plan (presuming you have the
option of participating in both plans.) Make certain you do your
homework, though. After all, new hires are often subject to
restrictions before qualifying for retirement benefits. Also,
challenge the investment options offered in the plan, asking: Are
they too limited to meet my retirement objectives? If yes,
transferring or "rolling over" your savings from your
current employer's plan into a newly established individual
retirement account might be better for you.
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Option 3
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Use the
money today by taking a lump-sum cash distribution. We understand you
may be tempted to take a cash settlement from your current
retirement plan savings and use the money, but be forewarned that
in doing so your account balance may be reduced by more than 40%,
because
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- 20%
of the total amount will automatically be withheld for
prepaying the federal income tax incurred
- additional
federal income tax may result, depending on your current tax
bracket
- if
younger than 59 1/2, you may incur a 10% penalty for early
withdrawal
- you no longer reap the benefits of tax-deferred
savings
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Option 4
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Transfer your
savings into a Rollover IRA. A direct rollover -transferring funds
straight from your current employer's retirement plan into a newly
established IRA - is the easiest way to keep your investments
working for your retirement. Better still, your savings continue to
enjoy tax-deferred growth without penalty or taxation. And that's
not all. While most employers' retirement plans offer only a
limited number of options from which plan participants must invest,
an IRA gives you a wide range of options including individual
equities and bonds, money market accounts, and more than 6,000
mutual funds.
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Rollover
IRAs differ from regular "annual contribution" IRAs in
the size of the allowable contribution. The Internal Revenue
Service limits regular IRA annual contributions. (This amount will
increase with the Economic Growth and Tax Relief Reconciliation Act
of 2001.) There is no maximum contribution limit with a Rollover
IRA; you can roll-in to the IRA whatever pretax amount exists in
your current employer's retirement plan.
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With a
Rollover IRA, you have the flexibility to transfer your savings
into another employer's plan or to a Roth IRA at a later date, and
have easy access to your savings should a special financial need
arise. You can even combine your Rollover IRA with your
"annual contribution" IRA, but only if you do not intend
to participate in another qualified plan.
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To gain
the power of uninterrupted tax-deferred savings with full control
and flexibility over your money, simply transfer your retirement
funds into a Rollover IRA.
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If your
choice is to open a Rollover IRA, the time to do so is when you
become eligible to receive a distribution from your current
employer's 401(k) plan. But don't settle for any Rollover
IRA; establish a Rollover IRA account with Hand Benefits &
Trust, Inc.
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By
choosing Hand Benefits & Trust to manage your rollover account,
you
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- continue
saving with a company you know and trust
- are
assured the highest quality product and premier customer
service
- benefit
from a privately owned and managed firm
- gain access to experienced, objective
investment professionals, backed by more than 60 years of
service
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Begin the
hassle-free process of establishing a Rollover IRA today by calling
a Hand Benefits & Trust investment professional at 713.460.1000
or print, fill out and submit the following three IRA forms
to:
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Hand Benefits & Trust Company
Attn: Kelli Hill, Trust Officer
5700 Northwest Central Dr., Suite 400
Houston, TX 77092
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IRA
Direct Rollover (444K)
IRA
Application (432K)
Privacy
Policy (43K)
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713-744-3841 Direct
800-444-1311 Toll Free
713-939-8545 (Fax)
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It's just that easy to keep
your retirement funds working full force for you!
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Hand Securities Account Forms & Important
Disclosures
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[Return To Top]
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Hand Securities, Inc. forms
in PDF format that may be downloaded and printed. You can type
directly into the fields using the "Tab" key to move
throughout each form. You will need Adobe Acrobat
Reader.
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The 529 College Savings Plan
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[Return To Top]
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Hand Benefits & Trust, Inc. is pleased to offer
our clients a new, powerful way to save for higher education.
Saving for a higher education can be a daunting task. It
requires careful planning and a high level of commitment. In
fact, next to retirement planning, it could be the single largest
expense that a family will bear. That is why we are pleased to
tell you about the CollegeBoundfund, a
flexible, tax-advantaged 529 college savings program managed by
Alliance Capital that helps make saving for higher education easier.
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For most families, the key to funding higher education
is to start saving early and to save regularly. And with the
CollegeBoundfund Employee Payroll Direct Deposit Program, our
clients can begin consistently saving for higher
education. With contributions of at least $50 per month into
your CollegeBoundfund account, it is easy to maintain a
regular investment program.
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CollegeBoundfund can be used at accredited
colleges, universities, graduate schools, and most community colleges
and vocational-technical schools--in the U.S. as well as at many
foreign institutions. Please contact us at 713.460.1000 for
additional information.
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CollegeBoundfund is a "529" plan,
designed to meet the requirements of a qualified tuition program under
Section 529 of the Internal Revenue Code, is offered through Hand
Securities, Inc. and managed by Alliance Capital, a leading global
investment management firm.
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