- Review the information you will automatically receive from Fidelity that outlines your distribution choices.
- Decide what to do with your vested account balance: receive it as a single lump-sum cash payment that will be taxed, elect a direct rollover to an IRA or a new employer’s plan that accepts rollovers, or request a partial withdrawal from your account balance if you are age 59 ½ or older.
- Notify the Rockwell Automation Service Center at Fidelity within 90 days following your retirement if you want to elect a direct rollover.
- Prepare to receive your vested account balance as a single lump-sum cash payment (less the required income tax withholding) if you do not elect a direct rollover within 90 days following your retirement date. If you do not elect a direct rollover, you will receive the payment at the end of the calendar quarter that follows after the calendar quarter in which you retire. For example, if you retire on June 3, you would receive your payment by the end of September.
