<prompt> Human: Company my dad has been working in for the past 13 years terminated their pension plan. They are having an election day as to what to do. If left alone, it will automatically be held by the company until retirement. He has a choice of taking the money in a lump sum, in annuity amounts, or leaving it until he retires frozen pension?. He has a 401k plan 6?? with his company, and hes planning on putting his frozen pension into it. I want to know if there is something better he can do.Will rolling over to his companys 401k plan be taxed?Is there somewhere else he can roll it over IRA where he will be able to gain more money? Can he roll it over to another IRA account say vanguard see it a lot on reddit without it being taxed?His pension plan is around 23k. Hes 53 and plans on retiring age 65. .  <response>: I had about 10k in a pension when I left a previous job. I opted to roll it into my 401k which had very low fees large company gets better fee structure, then eventually I rolled it all into an IRA so I had more flexibility on investments. There was no tax on any of those operations. 