[otnemem]

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Generally, IRA's will have more options than a 401k plan. For example, my 401k plan does not have any REITs. Only 2 international funds. Only one Large cap value fund. Etc.

However, if you only have a little to rollover (you said $3k?), then just to eliminate the hassle of having two accounts, you might want to just rollover your old 401k into your new 401k when you're able to and not establish an IRA.

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It's kind of complicated. I currently have two 401k balances, because the first one failed to correctly send my balance to the new 401k. Now I left for a third job, so I can no longer combine the two IRAs. So I'm opening the IRA in order to just have everything in one place.

EDIT: Rereading this, it sounds completely nonsensical.

Left one job about a year ago. That job failed to send my 401k balance to the job I started about a year ago. A month ago, I got another new job. Now I have 401k balances at two old jobs...