What you can do with your remaining retirement funds if you leave IU
When your employment with IU ends, contributions to your retirement plan accounts also end. However, you have several options for the funds that remain in your accounts:
- You can leave your funds in your IU account and continue managing your investments, beneficiaries, and contact information as usual. You can also continue to meet with Fidelity at no cost.
- You can withdraw all or a portion of your vested plan balance. Withdrawals may be subject to income taxes and, in some cases, early withdrawal penalties.
- You can move all or part of your vested balance into another eligible retirement plan, such as an IRA.
Most retirement plan transactions following your separation will need to be handled directly with the investment provider. For full details, refer to the Benefits After Separation Guide.