Is this true if you're rolling over a 401k from a previous employer, as well?

3MM, I can't say for sure. I did have a 401K at Fidelity at one time, but I rolled it into my existing IRA at Fidelity. It was that IRA that I later transferred out.

There is a "Brokerage Commission and Fee Schedule" PDF on Fidelity's website. It shows a $50 transfer out fee for IRAs and Keogh accounts (actually, they call it an "Account Close-Out Fee"). There's no mention of it applying to 401(k)s, but I wouldn't say that is the last word. If it concerns you (and I can see how it might), you should try to find out from a Fidelity rep. Good luck with that, since the last time I asked about this for an IRA, the guy didn't know they ever had such a fee, let alone whether or not it was still in effect. :)

By the way, you're right that different Vanguard funds have different minimums. I had checked the Vanguard REIT fund on their website, and confirmed that the minimum for an IRA is $1000 -- but I failed to make that clear in my post.

Ken