I'm eligible (old enough) to take an "in-service withdrawal" from my 401K plan (at fidelity). I want to do a "direct-rollover" to Vanguard (my IRA). I spoke to a fidelity csr and they said they would issue a check made out to Vanguard Fiduciary Trust company, but that they would send it to me and then I would send it to Vanguard. This is the only way that they would do it. No ACH, etc. available! Fidelity assured me that it would be coded as a "direct-rollover" and no taxes would be withheld.
I believe that there is no limit on direct-rollovers in terms of tax consequences and that this will be a trustee-to-trustee situation.
Is there anything wrong with this picture.