My wife started a new job about a month ago and we kept her investments in her former employers' 401k. My initial thought was to add it to her Rollover IRA we have a Fidelity, but I realized it may make more sense to roll it into her new employers' 401k to have access to it (without paying a penalty) if she were to retire between 55 - 59-1/2.
Would be putting it into index funds either way, but her employer's ER would be .045 versus Fidelity at .015.
Am I thinking correctly on this or possibly missing something?
EDIT: Not sure if it matters but the amount is about $157K.