[Julia]

Has anyone struggled with the rollover from Vanguard’s IRA into a work’s 401K?

The 401K plan needs specific verbiage, i.e. the check being addressed to them. Vanguard refuses to make any changes and just addresses it in my husband’s name.

Who do we escalate to in order to get it resolved?

It’s been over 2 months now and the time is tight.

[Dillon]

Yes. I’m having the exact same issue. Dozen + hours on the phone with Vanguard. No resolution yet.

My 401k provider wants a check and a form filled out. Haven’t been able to get Vanguard to fill out the form. They say they will.

Message it then nada. They also want to send it electronically while my 401k wants a check.

Going to call my 401k provider to see if there is anything they can do on their end.

[Rebecca]

Vanguard always told me they needed the FBO verbiage on my rollover checks-doing mega backdoor conversion from my old 401k.

Just recently cleaned up some odds and ends from that account and the new custodian (Fidelity) couldn’t make the check out to anyone but me no FBO verbiage or account number.

I put the account information on the endorsement section of the check and they accepted it.

Maybe your 401k custodian would accept that?

[Timothy]

Why would you want to move from an IRA to a 401k? Ira has way better fee structure and nearly unlimited options for investments while 401k is extremely expensive and restricted in comparison.

[Karen]

There is an extremely high likelihood that they will deposit the check the way it is addressed, even if they say they won’t.

If I were you, instead of spending hours on the phone, I would just send in the check and see what happens.

Absolute worst case, the check doesn’t get deposited and doesn’t get sent back, in which case you just call Vanguard and tell them you need it stopped.

[Author]

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