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If this is simply a question of your employer moving from one record keeper to another (i.e. from Fidelity to Vanguard).......and you are still actively employed by them (you have said "employer", as opposed to former employer)......then you will likely not be given a choice. The money will move to the new provider along with the 401k plan. It would not appear that you will have a so-called distributable event.
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