Roth contributions are salary reduction contributions made to the plan that are made on an after tax basis (the income and gains that are earned on Roth contributions are not taxed).
IRA’s can be set up at almost any bank, or at most brokerage houses (e.g.: Schwab, Fidelity, Vanguard, E-Trade, UBS, etc.)
Most plans will allow you to leave your vested balance in the plan if your vested account balance is greater than $5,000. However, the Summary Plan Description will dictate the exact vested balance that will allow you to leave your balance in the plan.
Most banks take 1-2 business days to post the deposit into your account.
You will need to review your Flexible Spending Handbook, contact your Human Resources Department or contact us here at Pension Dynamics to determine if your plan includes Carryover.