Updated
Can I roll over a 401k or other employer-sponsored retirement account from a current employer?
In most cases you cannot roll over an employer-sponsored retirement account from a current employer. Rollovers are typically from former employers. You cannot roll over your account if it's in a plan that is sponsored by a current employer, unless your plan administrator allows "in-service" rollovers. Before attempting a rollover from a current employer, please contact your plan administrator to find out if they allow "in service" rollovers.
Please see the IRS website for more information.
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