There is no such animal as a 401(k) IRA. You cannot contribute directly to a rollover 401(k) account. A rollover 401(k) is specifically designed to hold funds that have been transferred from a previous employer's 401(k) plan or another qualified retirement account, such as an IRA. Once the funds are rolled over, you cannot add new contributions to that account. you can establish an IRA and contribute subject to IRA limitations.
