Fidelity Portfolio Advisory Service at Work is a service of Strategic Advisers, Inc., a registered investment adviser and a Fidelity Investments company. This service provides discretionary money management for a fee.
Fidelity Retirement Income Advantage is a service provided beyond your employer sponsored retirement account.
Any assets distributed from your qualified plan or governmental 457(b) plan will be taxed as ordinary income in the year withdrawn; if you are under age 59½ at the time of the distribution, a 10% early withdrawal penalty may apply to any amounts which were rolled into the plan from an IRA or a plan other than another governmental 457(b) plan. If the distribution is eligible to be rolled over, but is not directly rolled over to an eligible plan or IRA, 20% mandatory withholding of federal income tax applies. Federal income tax will not be withheld from governmental 457(b) plan assets if an eligible plan-to-plan transfer is made to another employer's 457(b) plan that accepts the transfer. Be sure you understand the federal and state tax consequences of any distribution before you initiate one. You may want to consult your tax adviser about your situation
The investment options available through the Plan reserve the right to modify or withdraw the exchange privilege.
Unless otherwise noted, transaction requests confirmed after the close of the market, normally 4 p.m. Eastern time, or on weekends or holidays, will receive the next available closing price.
This document provides only a summary of the main features of the Oakland County Deferred Compensation Plan, and the Plan Document will govern in the event of discrepancies.
Fidelity Management & Research Company manages Fidelity mutual funds. ©2009 FMR LLC. All rights reserved