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It’s your retirement money. Don’t lose it.

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    • Find your old 401(k)s

    • Discover your 401(k)s hidden fees
    • Hassle-free rollover. Save thousands
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WHAT WE DO

Build a better retirement

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Find Your Old 401(k)s

Beagle will track down all your old 401(k)s for you. All for free. Sign up only takes 3 minutes.

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Find The Hidden Fees

Beagle can show you all of the hidden fees that are robbing your retirement of thousands of dollars.

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Rollover & Save

With 1 click, you could rollover to a better retirement account, save thousands and never worry about tracking your 401(k)s again.

HOW IT WORKS

Peace of mind in retirement

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It’s not chump change

With the average person changing jobs every 4 years, over $3.1 trillion dollars have been left behind at old jobs collecting huge fees. And with the average 401(k) account worth $112,300, a single lost account can really affect your retirement.

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It’s your money. Don’t lose it

At Beagle, we were tired of how hard it was to keep track of our old 401(k) accounts. We never knew where they all were, if they were making money or what fees we were paying. That’s why we made the easiest way to find all of your 401(k)s.

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Know what you’re paying

The average 401(k) charges a whooping .97% in fees! That could be costing you 28% of all your retirement money. Let Beagle calculate those fees for you so that you get a sense of how much you are losing on fees.

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Lower fees made easy

You can easily select an existing IRA custodian of your choice or if you don’t have one, Beagle is teaming up with top IRA providers to offer you an industry-leading low fee robo-advisory solution to bring you a better way to save for retirement. Combine all your 401(k)s in one place and cut your current fees by up to 3x. Signup only takes 3 minutes.

WE'RE HERE TO HELP

FAQ

How do I find my old 401(k)?

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If you are trying to find the money left in your former employer’s 401(k), here are possible places to find them:

  • Old 401(k) under your employer’s management. Contact the human resource department of your former employer to help you trace your old 401(k). You may be required to provide your social security number and dates of employment.
  • In a new 401(k) account set up by the plan administrator.
  • Forced transfer IRAs. If your 401(k) has less than $5000, the plan administrator may have transferred the balance into an IRA in your name at a bank or other financial institution.
  • In the state’s unclaimed property division. If the employer terminated its 401(k) plan, the funds could have been deposited with the state’s unclaimed property fund.
  • The money was cashed out. The plan administrator could have cashed out, and transferred the funds to the state or bank account. Since the IRS considers this type of transfer a distribution, it is subject to income tax and penalties. The plan administrator may withhold part of the funds to pay the IRS.
  • If you are trying to find your old 401(k), you can use an online service such as Meetbeagle.com. Beagle allows you to track your old 401(k) for free to see the hidden fees charged to your account, and rollover to a better retirement account with just one click.

    What are 401(k) fees?

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    401(k) fees are the costs charged to your 401(k), and they range anywhere from 0.5% to 2% of the value of assets, depending on the plan provider, size of the employer's 401(k) plan, and the number of participants.

    The US Department of Labor groups the 401(k) fees into the following categories:

  • Investment Fees: These fees are charged as a percentage of the value of assets. They represent the investment management fees that investment managers charge to help maximize the profit potential.
  • Administration Fees: The bank or other financial institutions managing your 401(k) funds charge administration fees to cover day-to-day operating costs such as recordkeeping, legal, and accounting costs. The fees may be charged as a flat fee or as a percentage of the total value of assets under management.
  • Individual Service Fees: These are one-off fees charged for specific services such as processing a 401(k) loan, distributing funds, or for financial advisory services.
  • What's a 401k rollover?

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    A 401(k) rollover is a transfer of funds from your 401(k) plan account to a new plan or Individual Retirement Plan. When you move between jobs, you can transfer your old 401(k) to the new employer’s 401(k) plan or a retirement plan provided by a financial institution, also known as an IRA. An IRA allows you to invest in almost every type of asset, including stocks, mutual funds, real estate investment trusts (REITs), bonds, etc.

    The IRS requires retirement plan distributions to be transferred to a 401(k) or IRA within 60 days to enjoy tax breaks. A 401(k) rollover can take the following two forms:

    Direct rollover

    A direct rollover is where the funds from the 401(k) are transferred electronically into the IRA without going through the account holder, also known as custodian-to-custodian transfers.

    Indirect Rollover

    An indirect rollover is where the 401(k) institution sends a paper check to the account holder, who is then required to deposit the check to the new IRA. The 401 (k) administrator may withhold 20% tax from your savings. You must deposit the full account balance, including the amount withheld as taxes, within 60 days from the date you received the distribution.

    For example, if the 401(k) account balance was $15,000, and the employer mails you a check for $12,000, $3,000 or 20% is withheld for taxes, and deposit the full balance of $15,000 into the new retirement account. The IRS will refund you the $3000 that the employer held back as tax.

    Why do people rollover their 401(k)s?

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    When you change jobs, one of the options you have is to rollover the plan into the new employer’s 401(k) or an Individual Retirement Account with a financial institution. While cashing it out is an option, you are likely to pay high taxes and penalties on the money you withdraw. Hence, a rollover presents your best bet on your retirement funds. Here are some common reasons why people rollover their 401(k):

  • Continued tax-deferment
  • Wider investment selection
  • Lower fees
  • Fewer rules
  • Low-cost investment options with Robo-advisors
  • Reduce the complexity of managing multiple 401(k)s.
  • IRAs may allow early withdrawals with no penalty for certain expenses such as home purchases and education expenses.
  • What’s an IRA?

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    An IRA is an individual retirement plan that allows individuals to enjoy tax benefits on their retirement savings. It is an alternative to a 401(k) plan, which may limit the employee’s ability to accumulate sufficient retirement income. An IRA has greater retirement benefits, a wider pool of investment options, and the individual may grow their savings quicker due to the low fees and tax breaks compared to a taxable 401(k) plan.

    Can I cash out my 401(k)s instead of rollover?

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    Yes, you can cash out your 401(k) instead of a rollover, but you should try to avoid it as much as you can. Cashing out before you are 59 ½ years is considered an early withdrawal, and the dollar amount is taxed at the ordinary tax rate depending on your tax bracket, and an additional 10% penalty tax. Rolling over your 401(k) provides greater tax savings and benefits than cashing out, and the former is considered a poor financial decision.

    Do I need to pay tax or penalties for the rollover?

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    No, you don’t, but there is a 60-day deadline you must meet. If you roll over your savings from a 401(k) to a traditional IRA, and the rollover includes the entire savings, the transaction is not taxable until you withdraw the money. When initiating a rollover, ask your 401(k) administrator to draft and send a check directly to the IRA or new 401(k) if the new employer agrees to it. The transaction must be completed within 60 days from the date of distribution, and you will not be required to pay taxes or penalties on the distribution. If you miss the 60-day deadline, the distribution will be taxed at the ordinary tax rate, and you will owe an early distribution penalty if you fall under 59 ½ years.

    How do I do a rollover?

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    Follow these steps to roll your 401(k) into an IRA:

  • Choose the IRA account you want to open; choose between a traditional IRA and Roth IRA.
  • Use an online broker/Robo-advisor to open the new IRA account.
  • Ask your 401(k) administrator for a direct transfer to your new IRA account.
  • Remember the 60-day rule. You must deposit your retirement plan distribution into a qualified account. Delays past the 60 days will subject your distribution to income taxes and penalties.
  • Select your investments; choose between stocks, bonds, mutual funds, exchange-traded funds, target funds, etc. If you opened an IRA account with a Robo-advisor, the company will pick investments for you based on the questions you answer.
  • Rolling over your 401(k) plan is a hectic process. Instead of stressing yourself with all these processes, you can use Beagle to rollover your 401(k) funds into an alternative individual retirement account with more investment options and lower fees.

    Are you helping me with my 401k rollover? What do I still need to do?

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    Beagle helps you find your old 401(k) and rollover to a better IRA with low fees and taxes. To get started, sign up here for free and follow the onscreen instructions to transfer your funds into a better tax-advantaged IRA and manage your funds in one place.

    How long will the rollover process take?

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    Once you initiate a rollover request, rollover transfers can take 4 days to 2 weeks to complete. These timelines can vary depending on the financial institution managing your 401(k) plan and how the funds are requested. Direct transfer from your 401(k) to another retirement account can take 3 to 5 days to complete, while indirect transfers that involve sending a paper check to the employee for deposit to the new retirement account can take 1 to 2 weeks due to check mailing and delivery.

    Can I rollover my 401(k) into a Roth IRA?

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    The answer is “Yes”, but you can only rollover your 401(k) after leaving your job or when you retire. Transfers between a Roth 401(k) to a Roth IRA are completed without any tax implications. However, if you rollover from a traditional 401(k) into a Roth IRA, you will be taxed at the ordinary income tax rate. When you withdraw the funds from Roth IRA post-retirement, you will not pay taxes on the withdrawal amount.