Automatic Rollovers

RolloverUSA is tracking many different rollover providers that will assist in removing small balance 401k balances from 401K plans. Typically, when someone terminates or retires with less than 5K in their 401K account the plan sponsor has the ability to amend their plan for “automatic rollovers” to a safe harbor ira rather than keeping them in the plan.

Some providers will even allow rollovers below 1K, though from a participant standpoint, the fees would be substantial compared to their balance.

Additionally, some providers will assist plan sponsors with locating “lost participants” who have moved since termination without staying in touch with their former employer.

RolloverUSA will assist tpas, advisors, and plan sponsors with locating and working with a small balance 401k rollover provider. Please contact us and will return your call within 24 hours.

Automatic Rollover Information Request