Best IRA Providers for a 401(k) Rollover
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When leaving a job, many people also leave their most valuable retirement asset behind: their 401(k), which sits where it is until retirement, quietly amassing fees.
But you can — and in most cases should — roll your 401(k) over to an IRA. Depending on your plan and what you'd like to invest in, 401(k) fees can be high. You may save money and find a wider range of investment options by rolling it over to an IRA.
The toughest part is usually choosing an IRA account provider, but that’s where we come in. Here are NerdWallet’s picks for the best IRA providers for your IRA rollover.
When leaving a job, many people also leave their most valuable retirement asset behind: their 401(k), which sits where it is until retirement, quietly amassing fees.
But you can — and in most cases should — roll your 401(k) over to an IRA. Depending on your plan and what you'd like to invest in, 401(k) fees can be high. You may save money and find a wider range of investment options by rolling it over to an IRA.
The toughest part is usually choosing an IRA account provider, but that’s where we come in. Here are NerdWallet’s picks for the best IRA providers for your IRA rollover.
Best IRA Providers for a 401(k) Rollover
Broker | NerdWallet rating | Fees | Account minimum | Promotion | Learn more |
---|---|---|---|---|---|
![]() Fidelity IRA Learn more on Fidelity's website | Best for Hands-On Investors | $0 no account fees to open a Fidelity retail IRA | $0 | Get $100 when you open a new, eligible Fidelity account with $50 or more. Use code FIDELITY100. Limited time offer. Terms apply. | Learn more on Fidelity's website |
![]() Merrill Edge IRA Learn more on Merrill Edge's website | Best for Hands-On Investors | $0 per trade | $0 | Up to $600 when you invest in a new Merrill Edge® Self-Directed account. | Learn more on Merrill Edge's website |
![]() E*TRADE IRA Learn more on E*TRADE's website | Best for Hands-On Investors | $0 | $0 | None no promotion available at this time | Learn more on E*TRADE's website |
![]() Interactive Brokers IBKR Lite Learn more on Interactive Brokers' website | Best for Hands-On Investors | $0 per trade | $0 | None no promotion available at this time | Learn more on Interactive Brokers' website |
![]() SoFi Automated Investing Learn more on SoFi Invest's website | Best for Hands-Off Investors | 0% management fee | $0 | Free career counseling plus loan discounts with qualifying deposit | Learn more on SoFi Invest's website |
Our pick for
Hands-On Investors

on Fidelity's website
Fidelity IRA

Fees
$0no account fees to open a Fidelity retail IRA
Account minimum
$0Promotion
Get $100when you open a new, eligible Fidelity account with $50 or more. Use code FIDELITY100. Limited time offer. Terms apply.
on Fidelity's website

on Merrill Edge's website
Merrill Edge IRA

Fees
$0per trade
Account minimum
$0Promotion
Up to $600when you invest in a new Merrill Edge® Self-Directed account.
on Merrill Edge's website

on E*TRADE's website
E*TRADE IRA

Fees
$0Account minimum
$0Promotion
Noneno promotion available at this time
on E*TRADE's website

on Interactive Brokers' website
Interactive Brokers IBKR Lite

Fees
$0per trade
Account minimum
$0Promotion
Noneno promotion available at this time
on Interactive Brokers' website
Our pick for
Hands-Off Investors

on SoFi Invest's website
SoFi Automated Investing

Fees
0%management fee
Account minimum
$0Promotion
Freecareer counseling plus loan discounts with qualifying deposit
on SoFi Invest's website

on Wealthfront's website
Wealthfront IRA

Fees
0.25%management fee
Account minimum
$500Promotion
Get $50 customer bonuswhen you fund your first taxable Investment Account
on Wealthfront's website

on Betterment's website
Betterment IRA

Fees
0.25%management fee
Account minimum
$10Promotion
Up to 1 yearof free management with a qualifying deposit
on Betterment's website

on Ally Invest's website
Ally Invest Robo Portfolios

Fees
0.0%with Cash-Enhanced Managed Portfolio; 0.3% otherwise
Account minimum
$100Promotion
Noneno promotion available at this time
on Ally Invest's website

on E*TRADE's website
E*TRADE Core Portfolios

Fees
0.30%management fee
Account minimum
$500Promotion
Noneno promotion available at this time
on E*TRADE's website
Want to compare more options? Here are our other top picks:
Last updated on August 1, 2022
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People often identify opening a savings account as their next money move.
Varo Savings Account

APY
With $5.12 min. balance for APY
at Varo Bank, Member FDIC
SoFi Checking and Savings

APY
With $0 min. balance for APY
Bonus
Earn up to $300 with direct deposit. Terms apply.
at SoFi, Member FDIC
Varo Savings Account

APY
With $1.25 min. balance for APY
at Varo Bank, Member FDIC
Methodology
NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers and robo-advisors. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.
We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.
For more details about the categories considered when rating providers and our processes, read our full broker ratings methodology and our full robo-advisor ratings methodology
To recap our selections...
NerdWallet's Best IRA Providers for a 401(k) Rollover
- Fidelity IRA: Best for Hands-On Investors
- Merrill Edge IRA: Best for Hands-On Investors
- E*TRADE IRA: Best for Hands-On Investors
- Interactive Brokers IBKR Lite: Best for Hands-On Investors
- SoFi Automated Investing: Best for Hands-Off Investors
- Wealthfront IRA: Best for Hands-Off Investors
- Betterment IRA: Best for Hands-Off Investors
- Ally Invest Robo Portfolios: Best for Hands-Off Investors
- E*TRADE Core Portfolios: Best for Hands-Off Investors
- Charles Schwab IRA: Best for Hands-On Investors
- TD Ameritrade IRA: Best for Hands-On Investors
- Ally Invest IRA: Best for Hands-On Investors
- Schwab Intelligent Portfolios®: Best for Hands-Off Investors
- Fidelity Go: Best for Hands-Off Investors