What does this letter about my 401k mean?

What does this letter about my 401k mean? I received this from my previous employer. I have a 401k through them and when I started at my new employer, I am not eligible for their 401k until I've been there for a year (December) so I was planning on just letting this sit in the meantime. Should I let it roll over into the IRA? There is much more than $7k in there. https://ibb.co/JkLGK...

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