Can I transfer funds from a sponsored 401(k) to Alto?

Check out answers to commonly-asked questions about rolling your current, employee-sponsored 401(k) into an IRA.

Can I roll over funds from the employer-sponsored 401(k) I currently have? 

After you leave any company where you have a 401(k), you can easily roll over your 401(k) account to an IRA—including to Alto. 

A rollover from a 401(k) at a company where you are still employed, however, is usually restricted. These are called in-service withdrawals. They are allowed once you are 59-1/2 years old, have become disabled, or if the 401(k) plan permits (typically up to certain limits). You should ask your company's HR/benefits folks or 401(k) administrator about these options.  

If you have your own business and maintain a solo 401(k), you also may be able to roll over a portion of the account to an Alto IRA without penalty. To explore your options regarding a solo 401(k) rollover, contact us.

Can I leave a portion of my 401(k) in an old employer's plan and roll over the remaining amount to an IRA?

Employer-sponsored 401(k) plans have different rules. For example, some plans offer flexibility to both current and former employees, while others restrict the types of withdrawals you can make—and/or how frequently you can make them. In addition, some plans may allow partial withdrawals. The best way to know for sure is to check your 401(k)’s plan rules.