Distribution Options
Your ability to receive payments or withdraw money from your MIT 401(k)
Plan account depends on your age and your current employment status at
MIT. You may withdraw up to 100% of the value of your account if:
- you are retired from MIT or your employment at MIT has otherwise terminated, regardless of your age (subject to any applicable penalties)
- you are working at MIT half-time or less and you are age 59½ or older
Find out about your options
- You can review full details of your distribution options and the steps you need to take to receive payments below or in the Distribution Options Brochure (PDF).
- Obtain a printed copy of the brochure and call a Fidelity Investments Retirement Services Specialist toll-free at (877) MIT-SAVE or (877) 648-7283. TTY service is available for the speech and hearing impaired at (800) 259-9743. Retirement Specialists are available Monday through Friday from 8:00 a.m. to midnight ET.
- Access information about your account online at the Fidelity Investments NetBenefits website.
401(k) distribution options
To view your 401(k) Plan distribution options in detail, the tax consequences of each option, and the action you will need to take to initiate a distribution, see the Distribution Options Brochure (PDF).
For additional details, please call a Fidelity Investments Retirement Services Specialist toll-free at (877) MIT-SAVE or (877) 648-7283. TTY service is available for the speech and hearing impaired at (800) 259-9743. Retirement Specialists are available Monday through Friday from 8:00 a.m. to midnight ET.
To request a written brochure, you must either call (877) MIT-SAVE (648-7283) or visit netBenefits.
