Home  >  Financial Articles and Q&A  >  Can I rollover a previous plan's 401k(5 year guarantee)...

Can I rollover a previous plan's 401k(5 year guarantee) into my current plan's?

The company that I am currently working for shifted plans in 2014, but held back the 5 year guarantee plan until it matures in 2019. Problem is, it's not growing and I'd like to roll it over to our current plan.

Mar 24, 2016 by ruth in  |  Flag
1 Answer  |  2 Followers
Follow Question
0 votes

There may be a reason why the 5 year guarantee option was held back until 2019. If you don't have your original paperwork citing the terms and restrictions of the guaranteed account you can check with your HR department. Someone should be able to produce that information for you. If there are no restrictions on holding period then there should be no reason why you would not be able to roll it into your new plan. You do want to make sure you won't be paying any fees or surrender charges and that the full cash value transfers if you do the rollover.

Comment   |  Flag   |  Mar 30, 2016

1|600 characters needed characters left