Generally, the law requires plans to pay retirement benefits no later than the time a participant
reaches normal retirement age. But, many plans, including 401(k) plans, provide for earlier payments
under certain circumstances. For example, a plan's rules may provide that participants in a 401(k) plan
would receive payment of his or her benefits after terminating employment. The plan's SPD or
Summary Plan Description should set forth the plan’s rules for obtaining the distribution as well as the
timing of distribution after termination of employment.