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For starters, if your vested balance in your current 401(k) plan is over $5,000; you are not obligated to move it; you can keep it right where it is. If your Plan Administrator says you must move it & the balance is over $5k, they are dead wrong.

Regarding splitting between multiple destinations, the answer is yes. The best way to accomplish this is to go to Brokers A & B, get the documents, complete them & open two Rollover IRA accounts with no money in them. Then send a letter of direction to your Plan Administrator requesting a QLSD (Qualified Lump Sum Distribution) requesting that no taxes be withheld & specifying $x,xxx be sent to Broker A and $y,yyy be sent to Broker B.
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