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

Step 1: 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 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 Fidelity

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

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... 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, which we can create together right now in just minutes. Once finished, the letter's ready for you to send to your old provider. For other forms needing Fidelity signature, use the address below.

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

Create a LOALog In Required

Step 2: 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.