The only downside I can see is if the plan I'm trying to roll out of (Old Employer #1) sends me the check but then the plan I'm rolling into (Old Employer #2) catches the process and prevents it from happening. What do I do with the check? Am I screwed?It's not forbidden by law, but the plan does not have to allow it. I wouldn't call Fidelity. I would either:
1) attempt it, and see what happens.
2) get my hands on the plan document, and look for language describing "rollover contributions." If the answer is "yes," go to step 1.
Do not call, because the person who answers will either have to read the plan document for you, and tell you what they think it says, or they will tell you "an" answer which may not be the correct answer.
Statistics: Posted by RedMD — Thu Jan 18, 2024 6:17 am — Replies 11 — Views 1288