Rolling IRA into UPS Teamsters 401k

Discussion in 'UPS Retirement Topics' started by onestoptogo, Aug 3, 2016.

  1. onestoptogo

    onestoptogo Member

    Because of the favorable fees that we enjoy with 401k plan and a desire to have my retirement accounts centralized, I looked into rolling over my traditional IRA into 401k plan. In the FAQ's about the 401k plan it states the plan accepts IRA rollovers at any time. I found out this is not necessarily true. They will only take what is called conduit IRA's, which are retirement accounts that have been rolled over from a previous employer's 401k. I am passing this information on for anybody else who had thoughts about doing this in the future.
     
  2. olroadbeech

    olroadbeech Happy Verified UPSer

    I get mail all the time from Vanguard Funds trying to get me to roll my 401k into my Vanguard IRA.