Reverse Rollover IRA to 401K Question

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Post Reply
Topic Author
StandingRock
Posts: 344
Joined: Sat Feb 02, 2019 6:54 pm

Reverse Rollover IRA to 401K Question

Post by StandingRock » Fri Aug 23, 2019 10:16 am

Has anyone ever tried to do a reverse rollover of an IRA, into an existing 401K from a former employer? Say for instance you have a 401K from a company you left six months ago, and you want to do a "roll-in". Is that even possible? Are there different rules between companies and/or 401k providers such as Fidelity?

Silk McCue
Posts: 4154
Joined: Thu Feb 25, 2016 7:11 pm

Re: Reverse Rollover IRA to 401K Question

Post by Silk McCue » Fri Aug 23, 2019 10:27 am

I did a quick search of the site and found posts that show that some have been successful in rolling an IRA into a former employer 401k. You need to contact the administrator of that 401k to find out if they will allow. No other feedback from folks here will change the answer that they will provide you.

Cheers

12thKnight
Posts: 35
Joined: Fri Nov 23, 2018 12:43 pm
Location: Philadelphia

Re: Reverse Rollover IRA to 401K Question

Post by 12thKnight » Fri Aug 23, 2019 10:31 am

StandingRock wrote:
Fri Aug 23, 2019 10:16 am
Has anyone ever tried to do a reverse rollover of an IRA, into an existing 401K from a former employer? Say for instance you have a 401K from a company you left six months ago, and you want to do a "roll-in". Is that even possible? Are there different rules between companies and/or 401k providers such as Fidelity?
Hi there. You will want to check with the 401(k)'s plan administrator. Although reverse rollovers are allowed in general, it is entirely up to the plan itself whether the plan will allow IRA funds to be transferred into your account in your specific case. In many plans, the plan administrator will not accept such transfers.

Boatguy
Posts: 32
Joined: Fri Apr 19, 2019 7:54 pm

Re: Reverse Rollover IRA to 401K Question

Post by Boatguy » Fri Aug 23, 2019 11:22 am

I just did this with one IRA last week and I have my one other IRA in process. My former employer recently changed their guidelines to now allow former employees to roll IRAs into the 401k plan. My current employer does not allow such rollovers.

Topic Author
StandingRock
Posts: 344
Joined: Sat Feb 02, 2019 6:54 pm

Re: Reverse Rollover IRA to 401K Question

Post by StandingRock » Fri Aug 23, 2019 2:32 pm

Boatguy wrote:
Fri Aug 23, 2019 11:22 am
I just did this with one IRA last week and I have my one other IRA in process. My former employer recently changed their guidelines to now allow former employees to roll IRAs into the 401k plan. My current employer does not allow such rollovers.
Thanks, this is what I need to check on. I didn't know if there were IRS rules involved or whatnot.

Post Reply