1. Resource Center
  2. Individual Resources

Why rollover my funds into one place?

Consider using a rollover to consolidate 401(k) funds.

Administrative fees can have a significant impact on your retirement savings. High fees eat away at market earnings and reduce the effect of compounding interest. Because fees are pulled directly from plan assets, rather than invoiced and paid for separately, many participants aren't aware of how much they are paying. 

Consolidating accounts can often save money on fees, as well as make the accounts easier to manage, because they are under one roof. Many 401(k) and IRA accounts are lost, with owners that have forgotten about them or lost access. 

A rollover is the process of moving funds from one retirement account to another. This is commonly done after a job change, and lets you move your assets from the old employer's 401(k) plan to the new one. 

To initiate a rollover, contact general support.