What is the benefit of consolidating 401Ks into one account?

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Simplicity

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Possibly reduce fees

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More investment options.

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Consolidate in your current employer's 401k and do not rollover to a brokerage. You will lose your ability to do backdoor IRA

You only temporarily lose your ability to backdoor IRA or mega backdoor Roth. If you have a rollover IRA you will need to consolidate back to employer 401k first, then the backdoor options are available.

Don’t consolidate then you’ll be subject to pro-rata rules. (Sucks)

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