When leaving an employer, don't automatically roll over the 401(k) account to an IRA.
The most common qualified retirement plan transaction is the rollover. Quite often when an employee leaves an employer, the employee rolls over the 401 or other retirement plan balance to an IRA.
Many 401 and other employer retirement plans allow participants to buy “institutional shares” in mutual funds and other investment funds. These shares have lower expenses and fees than the standard “retail shares” of the funds. The cost difference between the two share classes might seem very small, but the total additional cost mounts over time. Hybrid mutual funds had the lowest cost difference between retail and institutional shares at 0.19 percentage points.
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