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I had a pretty bad break-up with my employer, and now I'm unemployed.

I would like to get my money out of their 401(k) plan ASAP. Besides, the bad blood, they charge 50 basis points per quater for "Management fees" and a bunch of other stuff I do not like about the plan.(i.e. AIC Charges are through the roof)

I recieved this from them recently: "....401(k) plan distributions will be processed after this year's matching contribution has been made (approximately 2003). You will be notified at this time and you will then be able to transfer funds."

Can I REFUSE the matching, and make them transfer funds sooner? Their 50 basis points pretty much wipe out any matching anyway.

I would sooner have them roll it into an IRA so I can watch my own money, then to let them hold onto it.

Any thoughts or ideas would be appreciated.

Thanks,

Mikelly39
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