If your account is $7000 or less

If the value of your vested HPE 401(k) Plan account is $7000 or less, you don’t have the option to defer payment, and your choice of payment options is limited:

Account value is more than $1000, up to $7000	Account value is $1000 or less
Your account balance will be rolled over by automatic transfer to an individual retirement account (IRA) in your name at Fidelity Investments unless you make a different payment election within 60 days of receiving notice of your upcoming distribution from Fidelity. Any portion of your account invested in the HPE Stock Fund will be converted to cash, and any after-tax balance in your account will be paid to you separately. Different payment elections you can make include a taxable cash distribution or a direct rollover of pretax balances to a different IRA provider or an eligible employer retirement plan. (Note: Special rules may apply if your account includes Roth 401(k) contributions and related earnings. Contact your IRA provider or the other employer plan to confirm whether rollovers of Roth 401(k) balances are permitted.) If you have a loan outstanding on your termination date and you fail to repay the loan in full, the taxable portion of the outstanding balance of your loan will offset the amount rolled over, and you’ll be taxed on that balance in the year of the rollover. If you don’t make a different election within 60 days of receiving a notice from Fidelity, your benefit will automatically be transferred to an IRA in your name at Fidelity and invested in Fidelity Cash Reserves until you make a different investment choice. As part of this process, any portion of your account invested in the HPE Stock Fund will be converted to cash, and any after-tax balance in your account will be paid to you separately. For more information about the plan’s automatic rollover provisions, as well as the Fidelity Rollover IRA and related fees, see the summary plan description at or contact the HPE Retirement Service Center at Fidelity.	Unless you make a different payment election within 60 days of receiving notice of your upcoming distribution from Fidelity, your account balance will be paid as a taxable lump-sum cash distribution. The taxable portion of your balance will be subject to withholdings. Any portion of your account invested in the HPE Stock Fund will be converted to cash, and any after-tax balance in your account will be paid to you separately. If you have an outstanding loan on your termination date, your loan balance will be deducted from your distribution, but you’ll be taxed on the taxable portion of the value of that balance as well as the amount of the distribution. You can make a different payment election, provided you take action within 60 days of receiving a notice of upcoming distribution from Fidelity. Different payment elections you can make include a direct rollover of pretax balances to an IRA or another eligible employer retirement plan. (Note: Special rules may apply if your account includes Roth 401(k) contributions and related earnings. Contact your IRA provider or the other employer plan to confirm whether rollovers of Roth 401(k) balances are permitted.) If you don’t elect a direct rollover within 60 days of receiving a notice from Fidelity, the following will occur: The value of your benefit will be distributed to you automatically, less 20% mandatory federal income tax withholding and any required state income tax withholding. Any portion of your account invested in the HPE Stock Fund will be converted to cash, and any after-tax balance in your account will be paid to you separately. At the end of the year, you may owe additional taxes on the distribution, depending on your personal tax situation. If you didn’t reach age 55 during the calendar year in which you left, you may be subject to a 10% federal penalty tax (as well as any applicable state penalties). If your account balance is distributed to you automatically, you can still roll over the money to an IRA or another eligible employer retirement plan, if you do so within 60 days of receiving your money. Mandatory tax withholding will still apply, so you’ll need to make up the amount withheld for taxes, or else you’ll be subject to tax on any portion of your distribution that you don’t roll over.

Account value is more than $1000, up to $7000

Account value is $1000 or less

Your account balance will be rolled over by automatic transfer to an individual retirement account (IRA) in your name at Fidelity Investments unless you make a different payment election within 60 days of receiving notice of your upcoming distribution from Fidelity. Any portion of your account invested in the HPE Stock Fund will be converted to cash, and any after-tax balance in your account will be paid to you separately.

Different payment elections you can make include a taxable cash distribution or a direct rollover of pretax balances to a different IRA provider or an eligible employer retirement plan. (Note: Special rules may apply if your account includes Roth 401(k) contributions and related earnings. Contact your IRA provider or the other employer plan to confirm whether rollovers of Roth 401(k) balances are permitted.)

If you have a loan outstanding on your termination date and you fail to repay the loan in full, the taxable portion of the outstanding balance of your loan will offset the amount rolled over, and you’ll be taxed on that balance in the year of the rollover.

If you don’t make a different election within 60 days of receiving a notice from Fidelity, your benefit will automatically be transferred to an IRA in your name at Fidelity and invested in Fidelity Cash Reserves until you make a different investment choice. As part of this process, any portion of your account invested in the HPE Stock Fund will be converted to cash, and any after-tax balance in your account will be paid to you separately.

For more information about the plan’s automatic rollover provisions, as well as the Fidelity Rollover IRA and related fees, see the summary plan description at or contact the HPE Retirement Service Center at Fidelity.

Unless you make a different payment election within 60 days of receiving notice of your upcoming distribution from Fidelity, your account balance will be paid as a taxable lump-sum cash distribution. The taxable portion of your balance will be subject to withholdings. Any portion of your account invested in the HPE Stock Fund will be converted to cash, and any after-tax balance in your account will be paid to you separately.

If you have an outstanding loan on your termination date, your loan balance will be deducted from your distribution, but you’ll be taxed on the taxable portion of the value of that balance as well as the amount of the distribution.

You can make a different payment election, provided you take action within 60 days of receiving a notice of upcoming distribution from Fidelity. Different payment elections you can make include a direct rollover of pretax balances to an IRA or another eligible employer retirement plan. (Note: Special rules may apply if your account includes Roth 401(k) contributions and related earnings. Contact your IRA provider or the other employer plan to confirm whether rollovers of Roth 401(k) balances are permitted.)

If you don’t elect a direct rollover within 60 days of receiving a notice from Fidelity, the following will occur:

The value of your benefit will be distributed to you automatically, less 20% mandatory federal income tax withholding and any required state income tax withholding. Any portion of your account invested in the HPE Stock Fund will be converted to cash, and any after-tax balance in your account will be paid to you separately.
At the end of the year, you may owe additional taxes on the distribution, depending on your personal tax situation.
If you didn’t reach age 55 during the calendar year in which you left, you may be subject to a 10% federal penalty tax (as well as any applicable state penalties).

If your account balance is distributed to you automatically, you can still roll over the money to an IRA or another eligible employer retirement plan, if you do so within 60 days of receiving your money. Mandatory tax withholding will still apply, so you’ll need to make up the amount withheld for taxes, or else you’ll be subject to tax on any portion of your distribution that you don’t roll over.