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I came up with a crazy idea as to how to benefit from a company match that's only in company stock and can't be sold until you leave the company.

Accept the free stock, but "short" an equal amount of the stock in a margin brokerage account. If the amount you're shorted is equal to the amount in your 401K, then you have a "wash" where the gains/losses on your "short" position are offset by the gains/losses inside your 401(k). So you end up with extra cash in your brokerage account. When you retire, you sell the company stock and use the cash to cover your short position.

Unfortunately, if the company stock starts going up and up, you'll have to keep on adding cash to your brokerage account because you'll be losing money on the short. And some brokers charge interest continually on the short position. So maybe it's not the best of ideas.
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