HPE 401(k) Plan

• When you leave HPE
• Receiving benefits over $7000
• Consider the tax consequences
• Requesting a distribution for accounts over $7000
• If you have benefits under the Executive Deferred Compensation Plan

When you leave HPE

When you leave HPE, the vested value of your 401(k) Plan account is available for payment. If the lump-sum value of your account is more than $7000, you also have the option to defer payment until as late as April 1 following the calendar year you reach age 72, and continue to manage your investments.

Special rules apply if the value of your account is $7000 or less. If this applies, see If your account is $7000 or less.

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Receiving benefits over $7000

For benefits over $7000, if you choose not to defer payment, you have the option to request a partial withdrawal, choose installment payments, take your benefit as a lump-sum distribution, or roll over all or part of your lump-sum distribution to an individual retirement account (IRA) or another eligible employer plan. For more information, see Options for rolling over or receiving payment of your HPE 401(k) Plan account.

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Consider the tax consequences

Your choice of how to receive benefits has important tax consequences. You should read the Participant Distribution Notice/Special Tax Notice for more detailed information about tax consequences. You may also want to consult with a tax expert. Also keep in mind that:

• Any whole shares in the HPE Stock Fund are available in cash or stock. There may be tax advantages to electing in-kind distributions of company stock.
• If you’ve made Roth 401(k) contributions to the plan, or converted after-tax contributions to Roth, the portion of your balance that represents a return of your original contribution amounts is paid to you tax-free. Any investment earnings related to your Roth 401(k) contributions are also paid tax-free if your distribution meets both of the following criteria: (1) is made after you reach age 59½, die, or become disabled, AND (2) is made at least five years after the date of your first Roth 401(k) contribution to the plan (or your first Roth in-plan conversion, whichever occurred first). For additional information, see the summary plan description at .

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Requesting a distribution for accounts over $7000

You can request a distribution of your 401(k) Plan account by accessing or by calling the HPE Retirement Service Center at Fidelity. In order to process a distribution, the HPE Retirement Service Center at Fidelity must first be notified of your terminated status by HPE.

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If you have benefits under the Executive Deferred Compensation Plan

See Executive Deferred Compensation Plan for special rules that apply if you have benefits under this plan. To find out if you have a benefit, access or contact the HPE Retirement Service Center at Fidelity.

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