If you are currently enrolled in a 401(k) plan then that plan provider might allow you to transfer in old 401(k) plans. It generally takes longer to do than a rollover into an IRA and you’ll be subject to the fees and investment choices negotiated by your employer. This is still a good option for consolidating your retirement account, even though most people who roll over choose an IRA.
Written by Brianna LaCanfora
Updated over 8 months ago