NRA Information

Non-IRA Retirement Accounts, or "NRAs," are a special category of accounts referenced in the Banc One Investment Advisors Corporation (BOIA) Modified Plan of Distribution. All accounts identified as an NRA and expected to receive a distribution payment of $1,000 or more from the BOIA Fair Fund settlement will receive a special letter, dated June 29, 2007, outlining their responsibilities with regards to their distribution payment. A sample copy of this letter can be found at the following link:

» View the NRA Letter: PDF    Word

If you have additional questions, please review below the "Frequently Asked Questions" specific to NRAs:

Frequently Asked Questions for Non-IRA Retirement Accounts ("NRAs")

1. What does "NRA" stand for?

   Non-IRA Retirement Account.

2. What are my responsibilities as an NRA plan sponsor or administrator?

   As a plan sponsor or administrator it is your responsibility to distribute any monies received pursuant to the Distribution Plan in accordance with your fiduciary, contractual, and/or legal obligations, and consistent with guidance issued by the Department of Labor, if any. The BOIA Modified Plan of Distribution, particularly pages 18 and 19, discusses the responsibilities of NRA accounts as it relates to the BOIA distribution.

3. What if I received an NRA notification letter, but my account is not an NRA?

   If you believe your account is not an NRA, please contact the BOIA Settlement Administrator at 1-800-261-0282 to verify. If it is determined that your account is not an NRA, no further action would be required.

4. What if I did not receive an NRA notification letter, but my account is an NRA?

   NRA notification letters were distributed to accounts calculated to receive a distribution payment of $1,000 or more. If you did not receive a letter and feel you should have, you can view and print a copy of the NRA letter at the link on the top of this page, or you may contact the BOIA Settlement Administrator at 1-800-261-0282.

   As referenced in the NRA letter, you should also review pages 18 and 19 of the BOIA Modified Plan of Distribution, which discusses the responsibilities of NRA accounts.

5. How long will it be before we get the distribution proceeds?

   Payments to eligible NRA accounts are expected to be mailed during August 2007.

6. The distribution to plan participants is going to cost us money; will we be reimbursed for our out-of-pocket expenses?

   No. The BOIA Modified Plan of Distribution does not allow for plan sponsors or administrators to receive reimbursement for this distribution. Please review pages 18 and 19 of the BOIA Modified Plan of Distribution for complete details regarding reimbursements.

7. What happens if we do not negotiate our distribution check?

   The Plan of Distribution states that all un-cashed distribution checks will be credited back into the harmed One Group mutual funds.

8. What are the tax ramifications of this distribution check?

   As the Administrator of the Distribution Plan, we cannot offer any tax advice. You should review the Statement to Eligible Investors, found in the "Tax Information" section of this website for further information, and contact your financial advisor or tax professional to determine the proper tax treatment for your particular situation.

If your question has not been addressed in the "F.A.Q." please refer to pages 18 and 19 of the Modified Plan of Distribution (http://www.sec.gov/litigation/admin/2007/34-55730-mdp.pdf).