What happens to my 401k when I leave? Is there a form I need to complete to move out of the employer-sponsored plan?

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Where do you want to move it? You have a few choices. 1. Leave it where it is 2. Open an IRA and transfer it there 3. Rollover to your new employer's 401k plan. You technically have a 4th option of cashing out and paying a huge penalty.

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I would just leave it alone. The big 4 have a nice selection of plans with low fees.

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To the OP if you have no plans to make retirement contributions while you are in school the easiest answer is to just leave it where it is. When you finish school and get a new employer you can then rollover your Deloitte 401k into their plan if you so choose to consolidate accounts.

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I'm going back to school so unfortunately can't roll it into a new employer plan. Of the other two options, which would you recommend?

Thanks! Appreciate the insight.

Option A: leaving it at employer: good choice, you just can't contribute any more money but you still have access to funds you may not have through a regular IRA
Option B: rolling over to IRA: you can contribute to it it may have sub optimal fund choices.
Definitely don't cash out. Just compare the fund options you have at Deloitte versus the options you'd have at the IRA you'd open and see what you like more. And you can always roll your IRA to the new employer later if you want to consolidate your 401k accounts into 1

Yeah vanguard will email you and stuff with the choices.

Y'all are awesome. Just wanted to make sure there wasn't something I needed to initiate with Vanguard. Thanks for all the help!

You just gotta have an IRA account with vanguard before you initiate a rollover so there's an actual account for them to deposit the money into, but that's it in terms of initiating things with vanguard

You can roll it over to a qualified plan. The new firm will do a three-way conf call w your current plan administrator. My logic, once you leave a firm consolidate into an independent plan. I'd rather manage a centralized plan ( Axa) then former employer plan(s).

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