401(k) In-service Rollover IRA

An in-service rollover simply allows a current employee to move all or some of the assets in their employer-sponsored 401(k) plan into an IRA without taking the money as a distribution.

The in-service rollover strategy may be a good financial decision for an employee seeking more investment options than what their 401(k) offers. This would not be a taxable event and would allow you more control over how you invest. By rolling over, you’re saving for your future and your money continues to grow tax-deferred. 401(k) plans that offer the in-service distribution option typically have specific requirements to qualify.

RPP can help you contact your 401(k) plan administrator and/or review your 401(k) Summary Plan Description (SPD) to determine if an in-service rollover is available for your situation.