Cat repliedYour options are to open an IRA at your bank, and have it rolled over into that (or another qualified plan), or have your former employer send you the check. Whatever amount of the $740 that is not rolled into a qualified plan within 90 days of it coming out, will become taxable income, and subject to a 10% penalty.

Go talk to your bank. it might be the simplest solution.

Sharon T repliedRoll it over as a direct transfer from the 401K to an IRA. You can choose a bank if it allows that amount for an IRA account.

This is a simple process but don't wait long or they will send you the check which will complicate the matter.

Judy repliedYour best move would be to roll it over into an IRA, You can do this at any bank and put it into a CD for now - the bank will help you fill out the proper paperwork to move it from your 401K. You want to move it directly, not send it to you, or you'd either have to make up the money they withheld for taxes, or that amount would be considered a distribution. Note that the time limit to roll it over is 60 days, not the 90 another responder said.

Good luck.

tholeeder repliedgo to your bank they probably have a program so you can roll it into an IRA