You can leave your money in the 401(k) plan, if your vested account balance, not including rollovers from other plans, is greater than $5,000.
You can receive full or periodic distributions.
You can roll over your account into an individual retirement account (IRA).
You can roll over your account into another qualified retirement plan.
If you would like assistance with retirement income distributions, Financial Engines’ Professional Management Service offers Income +, which is designed to provide steady, monthly income from your 401(k) account. Visit Financial Engines or call 877-401-5762 to learn more.
Social Security may provide an important supplement to your retirement income; and Medicare provides valuable healthcare coverage options once you become eligible.
Take a little time to understand how all of the parts – Sandia’s retirement benefits, Social Security, and Medicare – will work together for you. Need help? Get in touch with a Financial Engines financial professional.
Contacts and Resources
Contact HR Solutions by phone, chat, and email with questions about the pension plan.