401K Rollover Facts & Questions

As the process is a largely digital transfer with minimal paperwork involved, there is no cost involved. However, there are costs for our management services in the form of an annual fee will be deducted from your account on a quarterly basis and will reduce the overall performance of your account.

Once we have located your 401(k) and have all the required information, typically the process takes between 2 to 3 weeks to complete.

There is no minimum contribution required with a 401(k). However, to maximise your 401(k) return there are suggested amounts that should be contributed.

Like any investment vehicle, the value of your 401(k) can go up and down. When the Global Credit Crisis took hold in 2008, many 401(k) plans that were heavily linked to the stock market suffered huge losses. As with any investment plan, the key to minimising the effect of market swings is to ensure your money is spread across a number of asset classes rather than placing all your eggs in on basket.

Your first port of call should be to contact your old employer directly. However, if you don’t hold contact information for them, or they have been subject to a corporate merger this might not be an option. In this case, you will need to search for an old statement for contact details of the plan administrator. Alternatively, you can use the National Registry of Unclaimed Retirement Benefits to conduct a free search for any retirement plan balances held in your name.