Although you can’t make any distribution elections before you retire, it’s good to be prepared to make those decisions.
If your vested account balance is more than $1,000 when you retire, you will need to make your distribution election with Fidelity within one to two weeks of when you want to receive a distribution.
If your vested account balance is $1,000 or less when you retire, you can choose to receive a lump-sum cash payment or elect a direct rollover to an IRA or another employer’s plan that accepts rollovers.
For additional information, contact Fidelity.
Contact the Rockwell Automation Service Center at Fidelity
Call 1.877.ROK.401K (1.877.765.4015) | Monday through Friday, 7:30 a.m. to 11 p.m. Central time. Go online to 401k.com