How to move pre tax 401k fidelity to vanguard pre tax 401k

Microsoft ipv
May 12 14 Comments

My GF's company has only fidelity option for 401k.

Is it possible to directly send pre tax 401k to vanguard?

If no, can I move pre tax 401k money from fidelity to vanguard ?

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TOP 14 Comments
  • Microsoft UseDeFeet
    You canโ€™t do a rollover out of a company-sponsored plan while still employed by that company.
    May 12 2
    • Microsoft ipv
      OP
      her company is not contributing any money to 401k. So does this apply, what you just said?
      May 12
    • OpenTable Meliodas
      Yes.
      May 12
  • Facebook / Eng
    baldnshort

    Facebook Eng

    PRE
    Facebook
    baldnshortmore
    She can quit her job and then roll it over.
    May 12 3
    • Microsoft ipv
      OP
      Will there be any fee for roll over?
      May 12
    • Wayfair / Eng
      jwxs26

      Wayfair Eng

      PRE
      Microsoft
      jwxs26more
      Usually
      May 12
    • mophie / Ops huh69
      There is no fee to rollover from fidelity to vanguard
      May 12
  • Google / Eng yogi bear
    Dude just google it, so lazy.
    May 12 1
    • Microsoft ipv
      OP
      I did but there is no clear answer and bit confusing
      May 12
  • Wells Fargo qUyB01
    Call up fidelity and ask for the process to do so. Basically from what I recall fidelity will either send it directly to vanguard or send a check to you in your name stating โ€œFBO (for the benefit of)โ€. That way u donโ€™t get taxed for withdrawing the money. You can then send the check over to vanguard
    May 12 3
    • Microsoft ipv
      OP
      Will fidelity allow to do this as she still an employee of current company?
      May 12
    • Wells Fargo qUyB01
      Ok I thought she was quitting. Not sure; you should call fidelity regardless
      May 12
    • mophie / Ops huh69
      No, she canโ€™t move her 401k from fidelity to vanguard while she is still at her current employer
      May 12
  • Microsoft ipv
    OP
    Thank you all for the info, appreciate it ๐Ÿ™‚
    May 12 0