How to move your old 401(k) into a rollover IRA

A rollover IRA can help you keep a consolidated view of your investments throughout your career. Getting set up is a multi-step process, but we will help make it as quick and easy as possible.

Step 1: Set up your new account

If you don't already have a rollover IRA, you'll need to open one—this way, you can move money from your former employer's plan into this account. If there are both pre-tax and post-tax contributions in your 401(k), you might need to open a Roth IRA too.* Which IRA should you consider for your rollover?


 

Step 2: Contact your old 401(k) provider

They will need to start the rollover process, so you'll need to either call the provider for your old 401(k) or initiate the process online. If Fidelity is your old plan provider, we can help through NetBenefits®. If you aren't sure who your old 401(k) provider is, the name should be on your account statements. If you have trouble finding this information, call your former employer.

Your former provider may need some paperwork, such as a Letter of Acceptance (LOA) from Fidelity, or their own paperwork completed and signed by you or a Fidelity representative. If you have multiple accounts or employers, you may need more than one LOA.

Here are some questions to ask when you contact them. If you'd like to have a Fidelity rollover specialist on the line with you when you call, call us first at 800-343-3548.

Where should you send forms?

Any forms that need a Fidelity signature can be mailed to us at the address below. We will sign and send them to your former plan's provider.

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

icon-idea Do you own company stock?

If you have shares of company stock, it's easiest to give us a call at 800-343-3548 and one of our rollover specialists can help you understand your options and take action.

 

Step 3: Deposit your money into your Fidelity account

You can have the money sent directly to us to deposit into your account, or deposit it yourself.

Important: The check should be made payable to Fidelity Management Trust Company (or FMTC), FBO [your name]. Be sure to ask your former plan administrator to include your IRA account number on the check.

Please note: When 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.


ira-sample-check

Wire directly

Wire instructions

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

Mobile check deposit

Use your iPhone®, iPad®, or AndroidTM to scan and deposit checks with our Fidelity Mobile® check deposit.

Bring to a Fidelity Investor Center

Find an Investor Center

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

Step 4: Invest your money

Once your money is in your IRA, you should get it invested. This is a very important step—investing is how your money has the potential to grow over time.

We offer these options for getting invested:

  • If you want to choose and manage your own investments, you can review your options or call us and we can do it together.
  • We also understand you may not have the time to focus on your retirement investments. We can help with a range of professionally managed solutions for rollover, Roth, and traditional IRAs. While these services do charge a fee, you'll enjoy peace of mind knowing a team is keeping a close eye on the markets and the investments in your account every day.

Need help?

Our rollover specialists can help with anything from understanding the options for your old 401(k) to guiding you through each step of the rollover process.