IRA Rollover to Employer 401K Question

SamKing · #1 (**permalink**) 04-19-2010, 09:03 AM

Hello,

I want to ask if it is possible to rollover a IRA to my employer 401k without penalties. I had a 401K with a former employer. I rolled that 401K into a Fidelity IRA. I wished that I had rolled it into my current employer 401K. Can I still do this from the Fidelity IRA? I would be rolling $$ from Fidelity IRA to Hewitt 401K.

cafetax · #2 (**permalink**) 06-16-2010, 01:50 PM

Yes you can rollover the pre-tax funds only, and if the employer allows.

My question would be, what makes you think your better off in a 401k than an IRA? You like your employer controlling your retirement assets for you, or are you just trying to qualify for a loan through the plan?

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