Your 401(k) provider may charge a nominal fee to initiate the transfer (typically ~$50) but you generally won’t pay any taxes or penalties, unless you decide to do a Roth conversion.

Written by Brianna LaCanfora
Updated over a year agoYour 401(k) provider may charge a nominal fee to initiate the transfer (typically ~$50) but you generally won’t pay any taxes or penalties, unless you decide to do a Roth conversion.