6 best places to roll over a 401(k) for 2026

By Nicolas StrautPublished October 10, 202611 min read

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Key takeaways

Robinhood pays a 1% match on a 401(k) rollover with no cap whether or not you pay for Gold,¹and SoFi pays the same 1%,² so rolling over $100,000 adds $1,000 at either one if the money stays 5 years.
Picking where to roll over a 401(k) comes down to four things: what the account costs to hold, the investments it offers, any rollover match and its 5-year hold, and what it costs to move the money out later.
Charles Schwab is the best place to roll over a 401(k) for most people. Fidelity is best for fund choice, Robinhood and SoFi for a rollover match, Public for options trading in an IRA, and Wealthfront for a managed portfolio.

In this article

Best places to roll over a 401(k) at a glance
Best places to roll over a 401(k) in 2026
401(k) rollover bonuses and matches compared
How to choose where to roll over your 401(k) in 4 steps
Methodology: How the best places to roll over a 401(k) were ranked
Calculate what your 401(k) rollover could grow to
Frequently asked questions about 401(k) rollovers

The best place to roll over a 401(k) for most people is a rollover IRA at Charles Schwab or Fidelity, which charge nothing to open or hold one. Robinhood and SoFi add a 1% match on the rollover with no cap, so $100,000 earns $1,000, if the money stays 5 years.

Every fee, match, and holding rule below was read on each provider's own site on October 10, 2026, and the date sits under the comparison table. This guide compares six rollover IRAs on cost, investments, rollover matches, and what it costs to leave. For a new IRA with no 401(k) behind it, the best IRA accounts roundup ranks providers on contributions instead.

Best places to roll over a 401(k) at a glance

Provider	Best for	Rollover match	Hold to keep the match	Cost to open and hold	Outgoing transfer fee
Charles Schwab	Most people, with phone and branch help	None advertised on its rollover page	n/a	$0	$50 full, $0 partial
Fidelity	Fund choice	None	n/a	$0	$0
Robinhood	A rollover match plus new contributions	1%, no cap, Gold or not	5 years	No account fee shown; Gold optional at $5 a month	$100
SoFi	A guided rollover	1%, no cap, through SoFi's Capitalize flow	5 years	$0 to open	$100
Public	Options trading in an IRA	Bonus of up to $10,000, as its IRA page states	Not stated for the rollover bonus	No account fee shown on its IRA page	Not stated on the pages read
Wealthfront	A managed portfolio	None stated	n/a	0.25% a year, $500 minimum	$0

Every rollover term, fee, and minimum was read on each provider's own site on October 10, 2026. Terms change.

Best places to roll over a 401(k) in 2026

The best places to roll over a 401(k) in 2026 are Charles Schwab, Fidelity, Robinhood, SoFi, Public, and Wealthfront, ranked here by who each one suits.

Best overall: Charles Schwab

App Store 4.8 out of 5 from 1.2M ratings, read October 6, 2026

Ideal for: Someone who wants a person to call during the rollover and a wide fund lineup at $0 to open and hold.

Our take: Charles Schwab charges no fee to open or maintain a rollover IRA and $0 in online stock and ETF commissions, and its Rollover Consultants walk you through the move at no cost. Schwab's own page claims more than 400 branches and 4,000 no-transaction-fee mutual funds. The Schwab IRA review covers its account types and funds in full.

Schwab advertises no rollover bonus on its rollover IRA page. Its separate referral offer requires the qualifying net deposit to go into a Schwab One account,³ so this guide does not count it as a rollover bonus. Moving the whole IRA out later costs $50, and a partial transfer costs $0.

Best for	Most people, with phone and branch help
Rollover match	None advertised on its rollover page
Hold to keep the match	n/a
Cost to open and hold	$0
Outgoing transfer fee	$50 full, $0 partial

Pros:

No account fee and $0 to open
Free Rollover Consultants by phone
Branches for in-person help

Cons:

No match on the rollover
Referral award tied to a Schwab One deposit, not the IRA
$50 to transfer the whole account out

Open a Schwab rollover IRA

Best for fund choice: Fidelity

App Store 4.8 out of 5 from 3.3M ratings, read October 7, 2026

Ideal for: Someone rolling over a 401(k) full of mutual funds who wants the same kind of funds and a $0 account.

Our take: Fidelity charges $0 to hold an IRA, $0 to transfer it out, and $0 to close it. Fidelity Go, its robo option, is free under $25,000 and charges 0.35% a year on the whole account from $25,000. Fidelity offers no match on contributions, transfers, or rollovers. What you get instead is its fund lineup and no fee to move your money out. The Fidelity IRA review covers both of these advantages.

Best for	Fund choice
Rollover match	None
Hold to keep the match	n/a
Cost to open and hold	$0
Outgoing transfer fee	$0

Pros:

$0 to hold and $0 to leave
No commission on Fidelity's own mutual funds
Free robo option under $25,000

Cons:

No rollover match
Fidelity Go charges 0.35% on the whole account from $25,000
No match on new contributions either

Best for a rollover match plus new contributions: Robinhood

App Store 4.3 out of 5 from 4.9M ratings, read October 6, 2026

Ideal for: Someone rolling over a self-directed balance who will also keep contributing each year.

Our take: A 401(k) rolled into a self-directed Robinhood IRA earns 1% with no cap, all year, whether or not you pay for Gold, and Robinhood's own example is $100,000 rolled over earning $1,000. A rollover typically takes 2 to 4 weeks, and Robinhood accepts rollovers in cash only, so the old plan has to sell your holdings and send cash.

New contributions after the rollover earn 3% with Gold at $5 a month, or 1% without, which comes to $225 or $75 on the 2026 limit of $7,500 under 50. IRAs managed by Robinhood Strategies get no contribution match, and the Robinhood IRA review covers the match terms in full.

Best for	A rollover match plus new contributions
Rollover match	1%, no cap, Gold or not
Hold to keep the match	5 years
Cost to open and hold	No account fee shown; Gold optional at $5 a month
Outgoing transfer fee	$100

Pros:

1% on the full rollover with no cap
No subscription needed for the rollover match
3% on new contributions with Gold

Cons:

The match must stay 5 years or an early removal fee can apply
$100 to transfer the account out
Managed Robinhood Strategies IRAs earn no contribution match

Best for a guided rollover: SoFi

App Store 4.7 out of 5 from 385K ratings, read October 6, 2026

Ideal for: Someone who wants the rollover done inside the app and a free session with a planner.

Our take: SoFi pays 1% on 401(k) rollovers with no cap or limit, and 403(b) and 457(b) rollovers qualify when they go through SoFi's platform. The rollover has to go through SoFi's integrated Capitalize flow to earn the match, which SoFi pays within 5 business days of the transfer settling. SEP IRAs are excluded.

SoFi's IRA page also offers a free 30-minute session with a SoFi Financial Planner, and the SoFi IRA review covers its automated and self-directed IRAs.

Best for	A guided rollover
Rollover match	1%, no cap, through SoFi's Capitalize flow
Hold to keep the match	5 years
Cost to open and hold	$0 to open
Outgoing transfer fee	$100

Pros:

1% on 401(k), 403(b), and 457(b) rollovers with no cap
Rollover paperwork handled in the app
Free 30-minute planner session

Cons:

The match only counts through the Capitalize flow
An ACAT transfer out within 5 years costs the entire match
$100 to transfer out, in full or in part

Open SoFi Invest through Tweed's link

Best for options trading in an IRA: Public

App Store 4.7 out of 5 from 85K ratings, read October 6, 2026

Ideal for: An active investor who wants to trade options and bonds inside a rollover IRA.

Our take: Public lets you trade options in an IRA and pays a 1% match on annual contributions, capped at the yearly limit, with a 5-year hold.⁴ For rollovers, its IRA page said on October 10, 2026 that a 401(k) rollover or IRA transfer can earn "a bonus of up to $10,000" and that Public covers up to $100 of the old broker's transfer fee. That page gives no rate or holding rule for the bonus, so read Public's current terms before you count on a number.

The Public review covers its IRA, bonds, and fees in full.

Best for	Options trading in an IRA
Rollover match	Bonus of up to $10,000, as its IRA page states
Hold to keep the match	Not stated for the rollover bonus
Cost to open and hold	No account fee shown on its IRA page
Outgoing transfer fee	Not stated on the pages read

Pros:

Options trading inside the IRA
1% match on new contributions
Covers up to $100 of the old broker's transfer fee

Cons:

No rate or holding rule for the rollover bonus on its IRA page
Outgoing transfer fee not stated on the pages read
Contribution match capped at the annual limit

Best for a managed portfolio: Wealthfront

App Store 4.8 out of 5 from 17K ratings, read October 7, 2026

Ideal for: Someone who wants the rollover invested and rebalanced for them.

Our take: Wealthfront accepts 401(k) and 403(b) rollovers into its managed IRA and charges 0.25% a year with a $500 minimum, so a $100,000 rollover costs $250 a year. It pays no rollover match, and its tax-loss harvesting applies only to taxable accounts, so it does nothing inside the IRA. Wealthfront charges no account transfer or closing fee, and the Wealthfront review covers its IRAs and cash account.

Best for	A managed portfolio
Rollover match	None stated
Hold to keep the match	n/a
Cost to open and hold	0.25% a year, $500 minimum
Outgoing transfer fee	$0

Pros:

Portfolio built and rebalanced for you
Rollover started inside the app
Backdoor Roth conversion in a few taps for high earners

Cons:

0.25% a year on the whole balance
No rollover match
Tax-loss harvesting does not apply in an IRA

Open Wealthfront through Tweed's link

401(k) rollover bonuses and matches compared

401(k) rollover bonuses and matches come from the app-first brokers on this list: Robinhood and SoFi each pay 1% with no cap, and Public advertises a rollover bonus, while Schwab, Fidelity, and Wealthfront pay none. Robinhood Gold's 3% applies to new contributions, not to the rollover, so Gold does not change what a rollover earns. Robinhood's 2% Gold rollover bonus ran from January 8 to April 30, 2026 and has ended.

What a 1% rollover match pays

A 1% rollover match pays $1,000 on every $100,000 you roll over, credited once the rollover settles. The match counts as earnings in the IRA, not as a contribution, so it does not use up any of the $7,500 limit.

Rollover amount	Robinhood (1%)	SoFi (1%)	Schwab, Fidelity	Wealthfront fee, first year (0.25%)
$25,000	$250	$250	$0	$62.50
$100,000	$1,000	$1,000	$0	$250
$250,000	$2,500	$2,500	$0	$625

What it costs to leave before 5 years

What it costs to leave before 5 years depends on the provider, and at SoFi it is the whole match plus the transfer fee. Roll $100,000 into SoFi, earn $1,000, then move the account out by ACAT in year 3, and SoFi charges an early withdrawal fee equal to the entire match plus its $100 outgoing ACAT fee, so you'll pay $1,100 to leave.

At Robinhood the early removal fee applies only when a withdrawal or transfer out inside 5 years leaves the IRA below the deposit plus the match, and it is figured on the part withdrawn. The $100 ACATS fee applies either way.

So if you expect to move the money again within 5 years, Fidelity, with no match and a $0 exit, costs less to leave.

How to choose where to roll over your 401(k) in 4 steps

You can choose where to roll over your 401(k) in 4 steps, starting with the kind of money in the old plan.

Step 1: Check what kind of money your 401(k) holds

Check what kind of money your 401(k) holds, because pre-tax dollars go into a traditional IRA and Roth 401(k) dollars go into a Roth IRA. Moving pre-tax money into a Roth IRA counts as a Roth conversion and is taxed as income that year. Every provider on this list opens both kinds of IRA.

Step 2: Decide whether you'll pick funds or want a managed portfolio

Decide whether you'll pick your own funds or want a managed portfolio, since that splits the list in two. Schwab, Fidelity, Robinhood, SoFi's self-directed IRA, and Public leave the investment picks to you. Wealthfront (0.25% a year), Fidelity Go, and SoFi's automated IRA manage the money for you.

Step 3: Weigh the match against the 5-year hold

Weigh the match against the 5-year hold, because the 1% is only yours if the money stays put. The rollover match table above shows what each rollover match pays and what it costs to leave early. You don't need a paid subscription to get the match at Robinhood or SoFi.

Step 4: Ask the new provider to start a direct rollover

Ask the new provider to start a direct rollover, so the money moves from the old plan to the IRA with no tax withheld.⁵If the plan pays the money to you instead, it withholds 20% and you have 60 days to deposit the full amount, making up the 20% from other money. Each plan has its own forms, so ask the old plan's administrator how to roll over a 401(k) from that plan.

Side-by-side diagram of a direct 401(k) rollover, where the full balance moves to the IRA with nothing withheld, and an indirect rollover, where 20% is withheld and you have 60 days to deposit the full amount. — A direct rollover avoids the 20% withholding and the 60-day deadline that come with an indirect rollover.

Methodology: How the best places to roll over a 401(k) were ranked

The best places to roll over a 401(k) were ranked on five things read from each provider's own site: rollover match, holding rule, cost to open and hold, cost to leave, and investment choice.

Every figure was read on the provider's own pages on October 10, 2026. No accounts were opened.
Picks are labeled by who each one suits, not ranked 1 to 6 on a single score.

Calculate what your 401(k) rollover could grow to

To calculate what your 401(k) rollover could grow to, enter the rolled-over balance in the Tweed Retirement Calculator as your current savings and add what you'll contribute each year. If you're rolling the money into a new employer's plan instead, the Tweed 401(k) Calculator runs the same numbers for a 401(k).

Frequently asked questions about 401(k) rollovers

Why not to rollover 401k to IRA?

The main reason not to do a 401(k) rollover to an IRA is a withdrawal rule an IRA lacks. If you left your job in or after the year you turned 55, your 401(k) lets you withdraw without the 10% additional tax, and an IRA does not. A new employer's plan may also accept the rollover instead.

How long do you have to roll over a 401k after leaving a company?

You have no set deadline to roll over a 401(k) after leaving a company as long as the money stays in the plan, though a plan can cash out or move a small balance without asking. Once the plan pays the money to you, you have 60 days to deposit it in an IRA.

Is it better to withdraw or rollover a 401k?

A rollover keeps the money tax-deferred, and a withdrawal is taxed as income in the year you take it, so the two differ mainly in tax. Before age 59½ a withdrawal also owes a 10% additional tax unless an exception applies. A rollover moves the full balance with no tax due.

Sources

https://robinhood.com/us/en/support/articles/ira-match-faq/
https://www.sofi.com/invest/ira/
https://www.schwab.com/client-referral
https://public.com/ira
https://www.irs.gov/retirement-plans/plan-participant-employee/rollovers-of-retirement-plan-and-ira-distributions

Rollover matches, fees and holding rules were read on each provider's own site on the dates shown and can change without notice. Tweed describes and compares providers; it does not tell you which one is right for you.

Tweed provides educational estimates, not financial advice. Confirm your specific situation with a qualified financial professional.

Nicolas Straut

Personal finance writer, former Forbes contributor and This Week in Fintech writer. He isn't a financial advisor or a CPA.

nicstraut.com