Rollover IRA How to roll over an old 401(k) to an IRA

A rollover IRA lets you consolidate and manage your old workplace savings accounts, like a 401(k) or 403(b), in one place throughout your career. We’ll help with your 3 easy steps:


Open a Fidelity rollover IRA

Already have an IRA, like a traditional or Roth IRA, that you’d like to move to Fidelity? Transfer it now

Follow these 3 simple steps

Step 1: Open your new rollover IRA

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Step 2: Contact your old 401(k) provider to move your money

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Step 3: Deposit your money into your Fidelity IRA

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Step 1: Open your new rollover IRA

Don't have an IRA yet? You first need to open one—this is the account you’ll move the money into from your old workplace account.

Keep in mind: If you made both pre-tax and post-tax contributions to your workplace account, you might need to open a Roth IRA, too.

Which IRA should you consider for your rollover?

Step 2: Contact your old workplace plan to move your money  

To move the old 401(k) or workplace money into your Fidelity IRA, you'll start with the provider of your old workplace plan. Not sure who that provider is? Check your account statements or call your former employer. The next action you'll take depends on whether or not your old provider is Fidelity:



... If your old workplace plan is with with Fidelity

You can do the entire rollover through NetBenefits®—no additional paperwork needed ... and the money can be directly transferred.


Visit NetBenefits®Log In Required




... If your old workplace plan is NOT with Fidelity

Start your rollover by calling the provider or using their website. They may require forms, like a Letter of Acceptance (LOA) from Fidelity, or their own paperwork, signed by you or Fidelity. Got multiple accounts or employers? You may need more than one LOA..

When speaking with your old provider, here are some questions to ask.


Create a LOALog In Required


Where should you send forms for signature?

Fidelity Investments
ATTN: Corporate Rollovers Department
100 Crosby Parkway KC1H
Covington, KY 41015-0037

Need our help?

If you have questions—or if you have shares of company stock—a Fidelity representative is ready to help you.

800-343-3548

 

Step 3: Deposit your money into your Fidelity IRA

Note: This step only applies if your old workplace plan is not with Fidelity.

To move the money into your Fidelity rollover lRA, you have a choice:

  • Have your old provider send the money directly to us to deposit, or
  • Deposit it yourself

In either case, the check should be made payable to Fidelity Management Trust Company (or FMTC), FBO [your name] and does not need to be endorsed. Be sure to ask your old workplace plan provider to include your IRA account number on the check. See check example

Keep in mind: If a rollover check is made payable directly to you, you must deposit the money into your IRA within 60 days of receiving the check to avoid income taxes and a possible early withdrawal penalty.

Wire directly


When sending a direct rollover from an employer plan to a retirement account, include code DRC.


Wire instructions

Regular mail


Fidelity Management Trust Company
PO Box 770001
Cincinnati, OH 45277-0037

Overnight mail


Fidelity Management Trust Company
100 Crosby Parkway KC1H
Covington, KY 41015-0037


Mobile check deposit


The fastest way to deposit yourself. Use the Fidelity Investments app for mobile check deposit.


QR code do download Fidelity Investments app

Scan to download the Fidelity Investments app


You'll be redirected to the app store for your device.
Available on Apple®, Android™, and Amazon devices.

Regular mail


Fidelity Management Trust Company
PO Box 770001
Cincinnati, OH 45277-0037

Overnight mail


Fidelity Management Trust Company
100 Crosby Parkway KC1H
Covington, KY 41015-0037

Fidelity Investor Center


Visit a Fidelity office near you and a Fidelity representative can assist you.

The key to unlocking the full potential of your rollover IRA? Investing your money.


Your new rollover IRA gives you a powerful opportunity to build for the future. But to take advantage, investing is the smart next step.


We'll help you choose from Fidelity's wide range of investing options, including ones that let Fidelity do the investing for you.


How to invest your IRA

Questions?

A Fidelity representative can help you understand your options and guide you through each step of the rollover process.

800-343-3548

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