How many 401k rollovers am I allowed each year?

According to U.S. Treasury Regulation 1.402(c)-2, investors with employer-sponsored retirement accounts, like 401k and 403b plans, are allowed to rollover these accounts as many times as they desire.

How many 401k rollovers am I allowed each year?

There are two caveats:

If the 401k is rolled over to an IRA, it loses its immunity to the rollover rule. Therefore, only one more rollover may be conducted in that calendar year.

The 401k being rolled over must be inactive. Otherwise, the 401k’s owner must also be the owner of the company that sponsors the plan in question.

Recommended Post: Tell the World What You Think about Your 401k Rollover Company at 401kRollover.com

The reason many investors have recently been asking about 401k rollover limitations has to do with a recently enacted IRA rule that states Individual Retirement Accounts can only be rolled over once each year. Thankfully for the 52 million Americans who own an employer-sponsored retirement account, it wasn’t long before the IRS and the Treasury Department clarified the rule and made it clear that 401k rollovers would not count as IRA rollovers. If you have questions about rolling over your 401k, ask from 401k Rollover or call (800) 767-1423 for a free explanation of your 401k rollover options.

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About 401kRollover.com

The 401kRollover.com website is a comprehensive database of retirement account rollover providers in the United States. Due to the faltering economy and increasing economic problems, many investors have started to look around for alternative ways to save and make money. 401kRollover.com allows you to find providers by location and name, and you can also call us directly at (800) 767-1423 to flex your financial muscle.
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