This is a general question; I am not seeking financial advice.
I worked for a company for about a year that offered a Roth 401k plan. During that time I saved about $6000; according to my online statement that includes about $1500 “Roth amount available” and $4500 “non-Roth amount available.” My preference would not be to leave that $6000 with my previous employer, since it’s such a small amount.
My new employer has a very generous but traditional 401k, into which I’ve rolled in my previous 401k balances except for this $6000.
I know my options include:
- leave it where it is. Kind of annoying to have this small account sitting out there.
- set up a Roth IRA and roll it over. I guess this would at least allow me to make additional contributions, right?
- take a lump sum distribution, with applicable penalties. Not really under consideration.
Am I missing anything? Other than lobbying my current employer to add a Roth account to their plan?