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You can always stop investing in your 401k. I would lodge your complaint with HR since they are likely in charge of administering the plan. Keep in mind that there are definite tax advantages for a 401k - even a lousy one. You get pre-tax dollars invested, tax deferred and your plan has a company match.

As to your other question, right now it is illegal for companies to influence your investments (ERISA guidelines). However, there are proposed changes to the rules whereby employers may be allowed in the future to provide investment advice.
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