Function

• To roll over money from an IRA to a 401k, request a distribution from your IRA and the money will be paid to you. You must then deposit the money in your 401k plan within 60 days to avoid the IRS treating the money as a distribution.
  
  

Benefits

• Moving money from an IRA to a 401k plan preserves the tax-deferred status of the account. In addition, some people find it easier to manage their retirement funds when all the money sits in one account rather than in multiple funds.
  
  

Warning

• No all 401k plans accept rollovers from IRAs. Each 401k plan sets its own rules whether IRA rollovers will be accepted or declined.