How to Transfer an IRA to a Corporate 401(k) Account

Unlike rollovers, you don't need to report transfers on your taxes.
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When people think about moving money from one retirement account to another, they usually think of a rollover. However, there's a simpler method to move money from one account to the other — a transfer. With a transfer, you never touch the money and you don't have to report it on your income tax return. Moving money from your IRA to a 401(k) with a transfer could be beneficial if your 401(k) has lower fees or specific investments you want to target.

Step 1

Ask your 401(k) plan administrator or consult your 401(k) plan documents to find out if your 401(k) plan permits transfers from an IRA to the plan. Though IRS rules permit 401(k) plans to accept such transfers, the rules do not require 401(k) plans to accept them.

Step 2

Request the transfer documents from your 401(k) plan administrator. Depending on your company, you might also be able to get the forms online.

Step 3

Complete the forms and turn them in to your 401(k) plan administrator. The forms can vary slightly, but generally require the account information for both your IRA and your 401(k) account and the amount you want to transfer. After you submit the forms, the money is automatically transferred on your behalf to your 401(k) plan.

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