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How do you transfer your 401K from one provider to a new one?

I will be changing jobs in the near future and need to transfer my 401k to my new employer.

asked by Andrea16 (21)

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answers

Usually all you have to do is provide the plan administrator at your new employer with the account information for your 401(k). They'll do all the paperwork.

6 votes

This is called a 401K rollover. You should receive 401K rollover forms from the new employer as part of joining their 401K. Or contact the 401K company for the form.

5 votes

Contact the 401k plan trustee of your old plan and inform them you want to transfer your balance to a new 401K plan. They will send you a form that you will need to fill out and return. Keep a copy for your records.

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posted by Kurt (3013)
4 votes

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