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401(k) Rollover to IRA

Fidelity makes rolling over an old retirement savings plan from a former employer easy for you. Our tax-deferred account can help you invest for growth or income.

Account features

May be
appropriate for

Individuals who have changed jobs or retired and have left savings in a former employer’s workplace savings plan (i.e., 401(k), 403(b), governmental 457(b))

Tax benefits

A Rollover IRA is a type of Traditional IRA with the same potential tax-deferred growth of savings.


10% early withdrawal penalty may apply for withdrawals taken prior to age 59½ if no exceptions apply.

Penalty-free withdrawals for qualifying first-time home purchase and certain college expenses

Minimum required distributions (MRDs) starting at age 70½

Investment options Access to a wide range of investments offering growth or income including mutual funds, stocks, bonds, ETFs, and FDIC-insured CDs
Support and guidance

One-on-one guidance—in person, online, or over the phone

Research and tools to help you create a long-term plan and choose investments


Account opening and annual maintenance fees


*There is no cost to open and no annual fee for Fidelity's Traditional, Roth, SEP, and Rollover IRAs. A $50 account close out fee may apply. Fund investments held in your account may be subject to management, low balance and short term trading fees, as described in the offering materials. For all securities, see the Fidelity commission schedule (PDF) for trading commission and transaction fee details.

Trading fees $7.95 for online U.S. equity trades
Rated 4.3 out of 5 by 597 reviewers.
Rated 5 out of 5 by Never Too Early What a great catch phrase to motivate this Mom to jump back in the game after letting my $ sit for way too long while I raised my children. From the moment I saw the words "Never Too Early" it completely changed my thinking from "It's too late now" to "Why not start right now!". I called and spoke to a Fidelity representative who was literally happy to hear from me. It was like speaking with a long lost friend who was happy I was back in town. He helped me get a fresh new start on my investments & encouraged me to stay in the game while assuring that Fidelity's assisance is just a phone call away! December 12, 2014
Rated 5 out of 5 by Good rollover choice I started doing some investing with Fidelity because my company had my 401k with them and they seemed like a good choice. The investment side works so well and easily that when I retired, I rolled my 401k over into a Fidelity IRA. That was a quick, easy and seamless process. The breadth of investment choices with Fidelity is excellent, and the online tools to view, report, analyze or change my investments work well. September 16, 2014
Rated 5 out of 5 by confidence in Fidelity confirmed The transition for my retirement accounts from my employer to my rollover IRA couldn't have been easier. The assistance and advice for consolidating my accounts was excellent and the brokerage website and options for investing couldn't be better. I am 100% pleased with the services Fidelity offers. July 10, 2014
Rated 5 out of 5 by Flexible and Dependable Fidelity provides a wealth of research information on prospective investments that have enabled me to make intelligent choices. The Rollover IRA has enabled me to expand my investment choices beyond the limited funds available in my employers 401k. May 31, 2014
Rated 5 out of 5 by New rollover account Establishing a new rollover account was simple and convenient online. Then the transfer from another management company to Fidelity was flawless. Special instructions were given when some funds were not able to be transferred in kind. I spoke with an agent when I had questions and was very please with the help.The Old Guy February 3, 2014
Rated 5 out of 5 by Process was streamlined and fast Fidelity did a great job with my rollover. The process was fast and I didn't have to do much on my end. I have worked for some of Fidelity's biggest competitors and I can confidently say that Fidelity is light years ahead of them in service, technology, and overall customer satisfaction. I have been suggesting Fidelity to all my friends and family as the place to roll over their old assets because of the fast and clean platform to manage their money. Fidelity's reps are always friendly and helpful and do not go overboard in suggesting other products. I vouch for Fidelity. I hope to achiece all my financial goals with them. November 14, 2013
Rated 5 out of 5 by Safe and easy The rollover was easy. The fees are great. The education options are great and the support staff is wonderful. July 7, 2013
Rated 5 out of 5 by Very good service - well pleased. The Fidelity characteristic I like best is the consistency of good customer service. I have had a Fidelity account for many years and have never been disappointed. Also the handling of paperwork and follow up by Fidelity representatives is very good. I have gradually consolidated my accounts with Fidelity and look forward to continued good service in my retirement. June 27, 2013
Rated 5 out of 5 by Secure and reliable All my previous calls have been handled professionally, as I would expect from an excellent investment company April 20, 2015
Rated 5 out of 5 by Great Company I have had a great experience with Fidelity. They are professional and helpful. April 20, 2015
Rated 4 out of 5 by Simple process. Convenient. Unless you are in cash the transition takes longer than advertised. Fidelity needs to automatically transfer purchase prices over from previous accounts otherwise the gain/loss columns on Active Trader Pro are inaccurate. As an active options trader I expect the platform to present accurate data at all times. I had to make a special request for up to date purchase price data. Inconvenient. April 20, 2015
Rated 5 out of 5 by Rollover IRA This is my first time having an IR, and the staff has been very helpful in explaining to me how it works and making the appropriate decisions. April 20, 2015
Rated 1 out of 5 by Not what I expected Trying to roll over an IRA into my employer sponsored plan takes more effort than I would expect. First you need to fill out a "Withdrawals - IRA One-Time" form, mail it back to fidelity. Then they will cut you a check and mail it back to you. Then you need to fill out, "Incoming Rollover Contribution Application" and mail that off with the check they sent you. Based off of this effort, I asked if It would be possible to come into the office and take care of it as the local Fidelity office. My phone representative stated their is no real value for me to come into the office. I said thank you very much, I will call back another time. Maybe its just me. April 16, 2015
Rated 4 out of 5 by IRA Brokerage Account Great Expectations, something that seems to be lacking from most companies anymore, but I have been very satisfied with Fidelity. I had my 401K with them, and they have met my expectations, and I decided to roll the 401K into an IRA with Fidelity. April 15, 2015
Rated 1 out of 5 by No one is there to help you I opened an IRA account. I called Fidelity to try to start the roll over process. Called for more than 30 minutes, never got answered. April 14, 2015
Rated 4 out of 5 by Self directed I prefer to self manage and make my own investment decisions. April 14, 2015
Rated 5 out of 5 by It does what it should The statements are simple to understand. The Staff is knowledgable. The office is neat and professional. the research tools are good The options and "offering" are well based for a retired person. there is a time to handle your own money and future, and there is also a time to know when to have someone else do it for you. The services and options are there for you to choose when you feel that time has come for you. April 14, 2015
Rated 4 out of 5 by Ease of process but website issues The actual process to transfer a 401-K to an IRA was made extremely easy with the guidance of my Fidelity Rep. however, the website is far more difficult to understand and maneuver than what I was accustom to through the 401-K. Even after seeking guidance from my representative it still seems too complex. April 14, 2015
Rated 4 out of 5 by easy to use, understandable Easy to use and has the answers to questions using the menus. Lots of other information regarding all aspects of IRA's and other accounts. Information was for the most part is understandable being that I am not all that familiar with selling and buying of stocks, bonds, CD's, etc...I think that I need to work on this! April 10, 2015
Rated 5 out of 5 by Easy to understand, and seamless. My rollover IRA was very easy to understand and was done in my best interest. When I had a question my Financial Consultant was available to make sure that I fully understood what was happening and thoughtfully answered my questions. It was a seamless transaction completed by a company I know I can trust, and who treat their customers as they would treat themselves. Thanks. April 7, 2015
Rated 3 out of 5 by mehhh it's ok Feel like a # and not a customer but don't ask for more or expected it. April 6, 2015
Rated 4 out of 5 by Convenience & Ease Overall good to excellent; product offerings, convenience and ease of use - familiarity with system. April 6, 2015
Rated 5 out of 5 by Good Educational Material I rate Fidelity Rollover IRA options as being very good with a wide variety of options to chose from. April 6, 2015
Rated 5 out of 5 by Very factual Process was easy and personnel were very professional. Ready to move my wife's IRA over soon. April 6, 2015
Rated 4 out of 5 by Simple procedure This was a simple clerical action that accomplished what was intended. My Fidelity advisor handled the deed efficiently and effectively. Mission accomplished. March 31, 2015
Rated 5 out of 5 by Grateful one Very pleased with all aspects of Fidelity. All my encounters with the office staff have been most helpful. My only regret is that I did not use Fidelity 15 years ago March 30, 2015
Rated 5 out of 5 by Excellent Fidelity has bent over backwards to help me rollover a pension buyout and an old 401k into an IRA. I have nothing but praise and appreciation for all the help I have received from their courteous staff. March 30, 2015
Rated 4 out of 5 by Customer service regarding RMD I was very disappointed with the chat that I had concerning my RMD. I had initially scheduled my RMD to be withdrawn in December for the full amount. I needed to withdraw $5,000.00 this month expecting my RMD balance to reflect the reduced amount to be withdrawn in December. The CSR that I spoke to was very vague as too how to adjust that amount to the point that I when I treid it, nothing changed March 24, 2015
Rated 5 out of 5 by IRA Rollover Account Once walked through the ways to trade stocks and look up investment grade information, the process is very convenient. Access to recent research on companies and industry trends is also useful. The research compliments additional sources of investment and market information. March 24, 2015
Rated 5 out of 5 by Convenient and Safe I like the many options Fidelity provides and the friendly, knowledgeable and responsive customer service. March 23, 2015
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More information

$7.95 commission applies to online U.S. equity trades in a Fidelity account with a minimum opening balance of $2,500 for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (of between $0.01 to $0.03 per $1000 of principal). Other conditions may apply. See Fidelity.com/commissions for details.

ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
The initial customer ratings and reviews for this product (those dated before 6/21/2012) were provided to Fidelity through an email solicitation for feedback on the product. All ratings and reviews are provided to Fidelity on a voluntary basis and are screened in accordance with the guidelines set forth in our Customer Ratings and Reviews Terms of Use. For additional information on which ratings and reviews may be posted, please refer to our Customer Ratings and Reviews Terms of Use. Featured reviews have been selected based on subjective criteria and have been reviewed by Fidelity Investments. The average rating is determined by calculating the mathematical average of all ratings that are approved for posting per the Customer Ratings and Reviews Terms of Use, and does not include any ratings that did not meet the guidelines and were therefore not posted). Ratings and reviews are added continuously to the website (after a delay for screening against guidelines), and average ratings are updated dynamically as reviews are added or removed.
The ratings and experiences of customers may not be representative of the experiences of all customers or investors and is not indicative of future success. The accuracy of information included in the customer ratings and reviews cannot be guaranteed by Fidelity Investments. Customers who post ratings may be responsible for disclosing whether they have a financial interest or conflict in submitting a rating and review.
Please contact a Fidelity representative if you have additional questions or concerns about the ratings and reviews posted here.

Move Your Money to Fidelity

Start moving funds into your new account with this quick checklist. You may also call a rollover specialist at 800-343-3548 for help at any point in the process.

  • Request a direct rollover from your old 401(k) plan. A rollover specialist can help you contact your former employer's plan administrator, or you can contact the administrator on your own.
  • Complete any forms required by the plan administrator.
  • Instruct them to make the check payable to: "Fidelity Management Trust Company (or FMTC), FBO: [your name]/[Fidelity IRA account number].
  • Mail the check to one of the addresses shown here, bring it into an Investor Center, or scan and deposit it using Fidelity Mobile® on an iPhone®, iPad®, or Android™ device.

    Fidelity will notify you by email and by U.S. mail when your funds have arrived.

    Regular Mail:
    Fidelity Investments
    ATTN: Direct Rollovers
    PO Box 770001
    Cincinnati, OH 45277-0037

    Overnight Mail:
    Fidelity Investments
    ATTN: Direct Rollovers
    100 Crosby Parkway KC1H
    Covington, KY 41015-0037