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Combining your retirement savings into the plan

Have you found yourself in this situation? You’ve changed jobs a few times, and have money in your former employers’ retirement plans.

Since you no longer work for those employers, you can’t contribute to those plans anymore. But you do need to keep track of the investments in those accounts.

It might be easier to organize everything in one place, especially if you like the investments and other features of your current employer’s retirement plan account if your current employer’s plan accepts rollovers.

You’re allowed to rollover your other eligible employer-sponsored retirement accounts into your current account here. 401(a), 401(k), 403(b) and governmental 457(b) plans are all eligible employer-sponsored retirement plans.  In addition, you can roll over a traditional IRA to an eligible employer-sponsored plan.

A “roll over,” if made directly from your former employer’s plan to your current employer’s plan, is not considered a taxable event if conducted in accordance with IRS rules.  If the rollover is not a taxable event, the transaction itself will be reported on an IRS Form 1099-R reflecting the distribution and rollover out of your former employer’s plan.

You might consolidate your retirement savings in the plan if you want:

  • A clearer picture of your retirement savings.
  • Your retirement savings all invested in the same fund(s) that align with your risk tolerance and investment strategy.
  • The simplicity and convenience of managing one account using one website and toll-free Plan Information Line.
  • The possibility of saving on fees by combining separate accounts into one.

Is a rollover into your account right for you? Find out by calling a Voya retirement consultant today to discuss all of your options for any retirement plans held outside of Voya. As you plan for retirement, it’s important to make decisions that will help you make the most of your savings. There are many options for your retirement savings. Determine which one is right for you.


Call a Voya representative today toll free 888-681-3153. They can walk you through your choices, including comparing fees, investments and other plan features. There’s no cost, no pressure and no obligation.* 


Carefully consider the potential differences and/or similarities between the various qualified retirement accounts before making investment related decisions. Also, please consider the investment objectives, risks, charges and expenses of the investment options carefully before investing.

Products and services offered through the Voya ® family of companies.

 *Registered representatives of Voya Financial Advisors, Inc., (member SIPC)