T. Rowe Price Retirement Plan Services (2024)

FAQs

How do I contact T Rowe Price retirement plan services? ›

If you have a retirement plan with T. Rowe Price and want to update your address for your account, please contact a T. Rowe Price Workplace Retirement representative at 1-800-922-9945.

To withdraw assets, contact T. Rowe Price at 1-800-492-7670 or at P.O. Box 17350, Baltimore, MD 21297-17350. Please note that if you have not yet reached age 59½ and no exception applies, you may be subject to a 10% penalty.

Over 95% of our Retirement Funds with a 10-year track record beat their 10-year Lipper average as of 3/31/2024.

If you cash out: You'll pay taxes as well as potential penalties now and risk reducing your retirement nest egg over time. net of the assumed tax rate and the application of a 10% penalty. distribution.

To cash out a 401(k) from an old job, contact your plan administrator and request the account be liquidated and the funds be sent to you via check or bank transfer.

How do you withdraw money from a 401(k) when you retire? You have to contact your plan's administrator to withdraw funds. Some companies provide detailed information about how withdrawals work, but you can also reach out to human resources.

Generally, the funding process is completed in 2-3 business days.

You can withdraw money from your IRA at any time. However, a 10% additional tax generally applies if you withdraw IRA or retirement plan assets before you reach age 59½, unless you qualify for another exception to the tax.

If you make an early withdrawal from a traditional 401(k) retirement plan, you must pay a 10% penalty on the withdrawal. There are some exceptions to this rule, such as certain health expenses and life events. Learn more below about how to calculate your specific 401(k) early withdrawal penalty.

Advanced technology safeguards your account

At T. Rowe Price, safeguarding your online security and privacy is a high priority. We use strict controls to help ensure that your online communications and transactions are safe and reliable.

Is T. Rowe Price in financial trouble? ›

T Rowe's odds of distress is less than 5% at this time. It is unlikely to undergo any financial crunch in the next 24 months.

Rowe Price's ReadyChoice IRA pairs a Roth or Traditional IRA with a T. Rowe Price Retirement Fund for a simpler solution.

How do I withdraw money from my T Rowe Price retirement? To withdraw assets, contact T. Rowe Price at 1-800-492-7670 or at P.O. Box 17350, Baltimore, MD 21297-17350. Please note that if you have not yet docHubed age 59 and no exception applies, you may be subject to a 10% penalty.

Generally allows for penalty-free withdrawals if you retire the year you turn 55 or older. Otherwise, penalty-free withdrawals are available after age 59½.

T. Rowe Price Brokerage charges a short-term trading fee equal to the greater of $50 or 1%, not to exceed $250, for no-load, and certain load, no-transaction-fee fund shares held for less than six months.

Your account numbers and/or your investor number can be found on your paper statements, tax documents, and other information you receive from T. Rowe Price.

If you have questions regarding technical support, please call 1-888-358-8490. Representatives are available weekdays from 7 a.m. to 10 p.m. ET and weekends from 9 a.m. to 5 p.m. ET. For any account specific or general information questions, please visit the Contact Us section of the Help Center.