[Cementjungle]

Is it really smart to compare 401(k)s? With the number of times people change jobs it is not surprising that very few have a million dollars in a single employer account. Most people who keep their money in retirement accounts roll them over to individual IRAs or leave them at their old employers. I only know one person who regularly rolls his 401(k) from one employer to the next.

I had three employers over my career, and I did indeed keep my 401K's together... simpler to manage that way.

[KarlInOhio]

I had three employers over my career, and I did indeed keep my 401K's together... simpler to manage that way.

I've always looked at it as "1. 401(k) investments are generally worse, higher cost and fewer choices than I could get on my own at a low cost broker (Vanguard, Fidelity, Schwab, etc.). 2. I would rather have control of my money rather than let someone else control it, especially if things start going bad at my current job." As soon as I leave, the money gets rolled over into my personal account. The only thing I lose is the ability to borrow against my 401(k), but I have never been tempted to do that and my last job didn't allow it anyway.