Fidelity 401k to Fidelity Roth IRA
Summary of User’s Inquiry and Solutions Provided:
- Main Problem: The user wants to know if their investment positions will transfer when rolling over their 401(k) from Fidelity to a Fidelity Roth IRA, or if only cash will be transferred.
- Solution: Fidelity advises that current investments may transfer in-kind if they are eligible; otherwise, ineligible funds will be liquidated.
- Rollover Process: The user can initiate the rollover through their NetBenefits account by selecting “Quick Links” and then “Rollovers.”
- Important Consideration: The user should check their 401(k) plan’s specific rollover and withdrawal policies in the Summary Plan Description (SPD), as these can vary by plan.
Here’s the full thread
If my plan administrator for my 401k is Fidelity and I rollover it to my Fidelity Roth IRA, will my positions transfer or just my cash?
Hi @luke, happy to assist on this.
Thanks for considering us for your retirement rollover. To answer your specific question, when rolling over a 401(k) into a Fidelity IRA, current investments may be available to be transferred in-kind given fund eligibility. Funds that are not eligible would be liquidated. This is something you can review when processing the rollover.
Since your 401(k) is held at Fidelity, you can do the entire rollover through your NetBenefits account.
You can easily start the process by logging into the NetBenefits and following these steps:
1. Click the “Quick Links” menu
2. Select “Rollovers”
One thing to keep in mind is that 401(k) plans do not typically allow rollovers or withdrawals while you are still employed or under the age of 59 1/2. However, each 401(k) plan is different and rollover and withdrawal policies are outlined in the terms of the Summary Plan Description (SPD). The SPD document is generally available on NetBenefits.com. You can access this by logging in and following these steps:
1. Select your 401(k) plan
2. Under “Quick Links” select “Plan Information & Documents” from the drop down menu
3. Click on “Summary Plan Description”
I’m glad I could help. Please let me know if anything else comes up. 🟢