How to Roll Over Funds Into Your 401(k) Plan with NestEggs

If you have retirement savings from a previous job—like a 401(k), 403(b), or an IRA—you may be able to consolidate those funds into your current employer’s 401(k) plan. This process is called a rollover contribution.

A rollover is when you move funds from one qualified retirement plan or retirement account into another. When done correctly, this transfer is not taxable and helps you keep your savings growing tax-deferred.

You can roll funds into your current 401(k) from:

• A previous employer’s 401(k), 403(b), or other qualified plan

• A Traditional IRA (in most cases)

Roth IRAs cannot be rolled into a 401(k), but Roth 401(k) funds from another plan typically can be. See the IRS rollover chart for account type compatibility details.

Here are a few benefits:

• Consolidation: Fewer accounts to track and manage

• Simplicity: One source for statements, investment choices, and distributions

• Loan eligibility: Some plans base 401(k) loan limits on your total account balance, which may increase with rollovers

• Continued tax-deferred growth: No taxes or penalties when done properly

1. Complete the rollover intake form. Log into your NestEggs account, fill out the form with as much detail as possible, and upload documentation of your prior account. Give us a call if you need help filling out the form.

   The form is located on the website under the menu option Forms and Documents > Incoming Rollover Contribution 

2. NestEggs reviews your form and documentation. We confirm that your plan can accept the funds and review your documentation. 

3. NestEggs will send you instructions. Once your rollover is approved, we send you the exact payee, account number, and mailing instructions. 

4. You request the rollover check from your prior financial institution. Contact your prior provider and request a direct rollover using the instructions we send. This step is on your side and can take one to several weeks. 

5. Your rollover funds are posted to your account. Once the check arrives, we deposit it into your account and the funds are automatically invested according to your investment elections. 

What to have ready 

• A recent statement or a letter from your prior provider showing the account type and tax treatment (pre-tax, Roth, or after-tax). 

• Other accepted documents: distribution statement, quarterly statement, or check stub. Each must clearly show the account type and tax treatment. 

• If any funds are Roth: also include the Roth basis and the date the Roth account was first established. 

 Important: 

• Request a "direct rollover" from your prior financial institution 

• The check must be payable to your plan's custodian we specify. Not to you, and not to NestEggs. 

• The account number we give you must be included on the check. 

• We provide the exact payee, account number, and mailing address only after your rollover is approved. Sending funds early or without documentation will cause delays. 

Quick answers 

Where do I start? Fill out the rollover intake form with as much information as possible and upload your documentation. 

When will it be done? After approval, you request the rollover; posting follows upon its arrival. Missing documentation can cause delays. 

Where does the money go? You can set your investment elections online, or the funds go to your plan's default election. 

Log in: nesteggs401k.com/login 

Questions: 904-348-3131 or info@nesteggs401k.com