ADP 401k Rollover: Complete Transfer Guide
How to roll over your ADP Retirement Services 401(k) to an IRA. Step-by-step process for a smooth, tax-free transfer.
Key Takeaways
- 1ADP Retirement Services manages 401(k) plans for thousands of employers
- 2Rollovers can be initiated through mykplan.com or by calling ADP
- 3Direct trustee-to-trustee transfer avoids 20% withholding
- 4Processing typically takes 5-10 business days
- 5Gold IRA offers diversification beyond ADP's standard fund lineup
ADP 401(k) Rollover Overview
ADP (Automatic Data Processing) is one of the largest payroll and retirement plan administrators in the United States, serving businesses of all sizes. Their retirement services division manages 401(k) plans for millions of American workers.
- **Major administrator**: ADP serves millions of 401(k) participants nationwide
- **Multiple platforms**: Access via mykplan.com or ADP mobile app
- **Full portability**: Roll over to any IRA provider when you leave
- **Customer support**: Dedicated retirement specialists available by phone
- **Plan variety**: ADP administers both traditional and Roth 401(k)s
When Can You Roll Over Your ADP 401(k)?
Your ability to roll over depends on your employment status and age. Understanding your eligibility prevents unnecessary delays.
- **Separation from service**: Quit, laid off, fired, or retired - eligible immediately
- **Age 59.5+ while employed**: May qualify for in-service rollover (plan-dependent)
- **Plan termination**: If employer ends the plan, you must take a distribution
- **Disability**: Generally qualifies for immediate rollover access
- **Required Minimum Distributions**: After 73, must take RMDs before rolling over
Check Your Plan Rules
Each employer's plan has specific rules. Log into mykplan.com or call ADP at 1-800-695-7526 to verify your rollover eligibility.
Your ADP 401(k) Rollover Options
When you're eligible to roll over, you have several paths to choose from. Each has its advantages.
| Option | Best For | Considerations |
|---|---|---|
| Roll to Traditional IRA | Investment flexibility | Lose loan option, Rule of 55 |
| Roll to Roth IRA | Tax-free growth (after conversion tax) | Taxes due on conversion |
| Roll to Gold IRA | Inflation protection, diversification | Physical storage required |
| Roll to new 401(k) | Keep creditor protection | Limited to new plan funds |
| Cash out | Immediate need | Taxes + 10% penalty if under 59.5 |
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Step-by-Step ADP Rollover Process
Follow these steps to ensure your ADP 401(k) rollover goes smoothly without triggering unnecessary taxes.
- 1Confirm you're eligible to roll over (left employer or qualify for in-service)
- 2Decide where to roll: IRA, new 401(k), or Gold IRA
- 3Open an account at your destination institution
- 4Log into mykplan.com and locate "Withdrawal" or "Distribution" section
- 5Select "Direct Rollover" to avoid 20% withholding
- 6Enter your new custodian's information (name, address, account number)
- 7Choose to receive funds electronically or by check made to custodian
- 8Review and submit your request
- 9Track the transfer and confirm receipt at your new institution
Prefer Phone? Call ADP
ADP Retirement Services can be reached at 1-800-695-7526. Representatives can walk you through the rollover process and answer specific questions about your plan.
ADP Rollover Timeline
Knowing what to expect helps you plan accordingly and avoid surprises.
| Stage | Expected Timeline |
|---|---|
| Submit rollover request | Day 1 |
| ADP processes and verifies | 2-5 business days |
| Funds released | 5-7 business days total |
| Electronic transfer to new IRA | 7-10 business days total |
| Check sent (if applicable) | Add 5-7 days for mail delivery |
Watch for Delays
Complex situations like outstanding loans, company stock, or missing paperwork can delay processing. Start early and follow up regularly.
Important Considerations Before Rolling Over
Consider these factors before initiating your ADP rollover.
- **Outstanding 401(k) loans**: Must be repaid or treated as a distribution
- **Company stock (NUA)**: May qualify for special tax treatment - consult a tax advisor
- **Vesting schedule**: Non-vested employer contributions stay behind
- **Rule of 55**: Leave at 55+ and can withdraw penalty-free from 401(k) - lost if rolled to IRA
- **Creditor protection**: 401(k) has stronger federal protection than IRA in most states
Consider a Gold IRA for Diversification
ADP 401(k) plans typically offer a menu of stock funds, bond funds, and target-date funds - but no precious metals. A Gold IRA rollover allows you to add physical gold to your retirement portfolio, providing diversification that traditional investments cannot offer.
- Physical gold provides inflation protection
- Gold historically rises when stocks decline (2008, 2020, 2022)
- Same direct rollover rules - no taxes or penalties
- Can split your ADP 401(k): part to Gold IRA, part to traditional IRA
- IRS-approved coins and bars held in secure depositories
- Augusta Precious Metals specializes in 401(k) to Gold IRA rollovers
Frequently Asked Questions
1How do I contact ADP about my 401(k) rollover?
Call ADP Retirement Services at 1-800-695-7526. You can also access your account online at mykplan.com. Have your Social Security number and plan information ready when you call.
2What if I have an outstanding loan on my ADP 401(k)?
Outstanding loans must typically be repaid before or shortly after leaving your employer. If not repaid within the required timeframe (usually 60-90 days), the remaining balance is treated as a distribution - taxable and potentially subject to the 10% early withdrawal penalty.
3Can I roll over only part of my ADP 401(k)?
Yes, partial rollovers are generally allowed. You can roll over a portion to an IRA while leaving the rest in your ADP 401(k), or split between multiple destinations (e.g., part to a Gold IRA and part to a traditional IRA).
4What forms do I need for an ADP 401(k) rollover?
ADP typically uses online forms through mykplan.com. You'll need your new IRA custodian's information including institution name, address, routing number (for electronic transfer), and account number. Some transfers may require a Letter of Acceptance from your new custodian.
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