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.  Alto has partnered with a company called Capitalize to make the rollover process simple and free.  

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. 

If you find that your 401(k) is not currently eligible for distribution, check out this article to learn about  other options for you with Alto. 

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.