How does an employee roll over a 401k from a previous company?

August 6, 2015・1 min read
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How does an employee roll over a 401k from a previous company?

Employees need to rollover their old 401ks themselves; employers cannot do it for them. The first few steps include the employee contacting their former employer or retirement plan provider and notifying them that they would like to transfer/rollover their 401k to their current employer or other retirement plan provider. The employee should follow the instructions from their new employer or new retirement plan provider to open a new account and then follow the transfer/rollover steps provided by their former employer or retirement plan provider.

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This article is for informational purposes only, is not legal, tax or accounting advice, and is not an offer to sell, buy or procure insurance. It may contain links to third-party sites or information for reference only. Inclusion does not imply TriNet’s endorsement of or responsibility for third-party content.

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