{ "media_type": "text", "post_content": "I recently changed jobs and my new 401K provider - Principal has very limited MF investment options. My prior employer’s 401K was managed by Fidelity and provided me access to a range of MF options. I believe that the fund options are negotiated by the employer and provider? Two questions. First - I have not rolled over my previous 401K to the new one. Would there be any problems. Second - is there a way I could move my current 401K to another (precious) provider?", "post_id": "6085bed55c04e7002a3dfb10", "reply_count": 5, "vote_count": 1, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

I recently changed jobs and my new 401K provider - Principal has very limited MF investment options. My prior employer’s 401K was managed by Fidelity and provided me access to a range of MF options. I believe that the fund options are negotiated by the employer and provider? Two questions. First - I have not rolled over my previous 401K to the new one. Would there be any problems. Second - is there a way I could move my current 401K to another (precious) provider?

like
Posting as :
works at
You are currently posting as works at

You can’t move your current 401k to a new provider. You old 401k can be left at old employer if allowed, rolled to new plan or rolled into an Ira. Is your old 401k Roth or traditional? If Roth, roll it to an IRA. If traditional, an Ira is fine as long as you don’t now or plan to use a backdoor Roth IRA.

likehelpful

That’s a good idea - but in the meantime I’ve been doing Mega Backdoor in after-tax contributions converted to Roth, so I don’t feel I’ve been missing out for an extra $6k in Roth.

like

Hard to say, but limited options may be a reason to keep your old one where it is, or roll to an IRA (understanding you could have to do pro-rata in the future for backdoor Roth IRA contributions). Doing an in-service withdrawl to get your funds out of principal to an IRA isn’t very common, I don’t think.

Related Posts

At what age would you like to retire? (Assume money is not part of the decision).

like

Heard that there will be an Instacart driver strike next week due to taking on tons of risk for low pay and no benefits. How will this impact you?

like

Still on my parents insurance plan - can I set up an HSA and max it out? Currently max my 401k and Roth IRA. Is it through the ibm portal or can I just set up fidelity

like

What’s a good resource for advice on what to do with my income (how much to put into 401k, how much to save in liquid cash, invest etc). I’m a beginner and looking for solid well rounded financial advice! Podcasts/YouTubers etc any reccs welcome

like

In my late 40s and I'm ready to retire. Really tired of this rat race and stress. Am I alone?

like

I was approached by Goldman. Can anyone offer insight into corporate culture, benefits, or anything else that might be a pro/con to working for them? I worked at JPM for a few years and tend to think it would be similar, but wanted to poll this group. Thanks in advance!

like

Indexed Universal Life Insurance (IUL) - Anyone have one of these ? Never heard of this until the other day when a financial planner mentioned it. He said it’s a better vehicle than 401K. I took what he said with a grain of salt because he was trying to acquire customers, but I haven’t heard anyone talk about it here. At a quick glance it seems pretty solid. Anyone have experience ? Pros/Cons ? Something to add on including the standard 401K, Roth, HSA, etc ?

like

Should I put $20K towards my student loan balance of $230K before the no-interest period ends or max out my 401k, which I have contributed nothing to this year. I’m 25. Employee matches 4%.

like

I’m expecting a job offer tomorrow and they let me know today that they have no 401k matching program (?????). Is it greedy for me to bump up my salary expectation $2-3k to make up for it?

like

how does the culture, pay, benefits differ between a publicly listed consulting firm (accenture) compared to partnership firm (pwc, deloitte)? looking at it from a mid level career person

like

How many of you are the only woman at your firm/practice group? I’m at a large firm, but part of a smaller practice group (<10 associates). We have female partners, but I’m the only female associate in our group. I’ve become friends with one of the other associates. Someone recently joked that I’m his “work wife.” This really bothered me. I don’t think of our relationship as romantic at all. This is mostly just a rant, but can we please retire this term?

like

What amount is a good amount to contribute to 401k?

like

Help with an offer at pre-IPO tech unicorn. Current: 112k base, 15k bonus, 3YOE Offer: 120k base, 16k bonus, no sign-on, 70k RSUs vesting 25% after 1 year and 7% each quarter after that. I’d like to ask for 135k plus 10k sign-on since I’m forfeiting 5k bonus and another 8-9k in unvested 401k. Is that reasonable? I’d be ok with 130k and 5k sign-on

like

Are there any negatives to rolling over your 401k into an IRA while you still work at your current company? I’d prefer to have more flexibility in my investments via my Rollover IRA if I can

like

Hi all I have 2 offers one is from wipro 13LPA Another offer RBS- Natwest group 15LPA Which one is good considering WLB, job security and benefits. Please suggest. YOE 4.7 yrs mainframe developer

like

EY folks, for the Wellness Fund of $1k, when is the soonest we can purchase for reimbursement? What kind of things constitute as eligible? [Apple Watch/Gym Equipment or Membership/Segway o.0/etc] What’s the beat use of this reimbursement that you have used personally?

like

Does EY also match on roth 401k as well? EY

like

Just wanted to ask if any auditors or technical accounting folks have any opinion on the benefits (for seed round stage) SaaS companies capitalizing their R&D expenditures, in the balance sheet, then amortizing the "asset" and then regularly having to defend the carrying values of the Intangible Asset??

likesmart

How do I start a brokerage account at Fidelity (just using that since my kids 529 and my 401k are there)? Do I need to call them? I just don’t want stuff sitting in my checking account and my student loans are now paid off so I will end up netting more every month…any advice on what to do would be greatly appreciated. Side note - I won’t be day trading or anything…I just want to give it to a brokerage firm and let them do their thing.

like

KPMG folks, what commuter (MTA) benefits do we have? TIA!

like

Additional Posts

Starting mba in the fall. Should I keep working until July/august in hopes voluntary layoffs with severance start or stop working in June (which was the original plan)?

like

Talking to the head partner of my practice today around promotion for next year. Any suggestions on the items that I should hit on... fish Fam :)

like

Hi, wanted to know if a base salary of £60,000 is reasonable? Offered a Manager position under Deals/Advisory in one of the Big4 in UK. YoE: almost 8 years Will be moving from Asia to the UK. Currently a Manager at my current employer in the same service line. Wanted to make sure that making the big move will be worth it. Any thoughts will be very helpful. TiA!

like

Why are other firms already notifying new hires about the increase in salary but PwC recruiters stated that ours are re-evaluated in June if we start next month? A friend is at a middle firm starting out at 68. How lucky.

like

IOs in b4 consulting - what was most important in terms of what to know as you landed projects?

like

What are the best consulting firms for Advanced Analytics / Data science work? In terms of opportunities, best clients, most cutting edge work

like

Soo….has anyone embarrassed themselves in front of students? Today I got my foot wrapped up in a kid’s Chromebook charger and bit the dust in the aisle between desks. The good news is that I landed on the best possible body part, so it’s all good. This is second only to the day I ripped my skirt all the way up the back while directing choir…don’t ask.

funnylikeuplifting

For those in smaller high growth tech companies, where do you turn for resources on org development, engagement, trends, etc.? I’m moving from a large tech org to a a 150 person company. SHRM does not seem relevant at all. Podcasts, social media followings, etc?

like

First exec/sponsor mtg in Boston. We beat the client to the room. Client walks in and starts without introductions talking through 2018 goals. Directing all to my male colleague next to me. (Cont)

like

Rollover old firm 401k/wealth builder into current employer 401k or new rollover IRA? Pros and cons? Thank you for thoughts!

like

When did you feel like you were successful? People around me think it’s impressive that I work at Deloitte; however, I’m miserable and hate the work I’m doing. Just accepted another job that others would deem a dream company and salary but I’m just afraid of being miserable there too. I just don’t feel like I’m good enough, will be happy, or be in a position where I feel like I’m successful as others.

like

Anyone have a United RPU they’d be willing to sell? I have an international flight tomorrow and I’d love to try to get an upgrade!

like

Just picked up my first 1983 case and I’m looking for the Bible on litigating 1983 claims. I’m digging my way through case law now to get a general overview of the landscape, but I’m going to want to learn from the best and brightest on this. If it matters, claim will be in the 8th circuit and it relates to a client who caught a rubber bullet with their face. I know the unlawful assembly case law is against us, and it doesn’t appear an actual seizure occurred, so this is going to be tricky.

like

Transition to HRBP - which Cert? I’ve got the time and experience (mostly) to sit for the PHR or SHRM-CP. What are your recommendations based on industry experience. Also note I’m pivoting from a program director role.

like

Freelancer here. I typically charge by the hour. Picking up a side project that's a 360 campaign. Quick turnaround. How do you convert your hourly rate to a project rate?

like

What is ZS equivalent on Axtria Project Leader?( MBA tier 2 + 4 years experience)

like

Short 8,000 bonvoy points for a quick getaway, any ideas on quickly earning or should I buy them? Anyone used the Points Advance option before? TIA!

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal