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I posted this at NPI, but thought I'd post here as well as I know there are folks here who work in the investment field. It is just my very serious hobby and below is what is taking place at my day job with respect to my 401k. Any advice is appreciated.

I'm mad as hell here and wondering if I have any recourse on what is about to occur. Let me explain.

My company was recently bought by another company. Our old 401k program will be transferred either to the new company 401k or we can move to an IRA. I will be choosing the personal IRA option and am ecstatic about that and have been waiting over a year for it to happen.

I have a significant chunk of change in my 401k that is invested in stocks. The other portion is mutual funds/cash. I received noticed yesterday that as of April 2nd, my stocks will be liquidated and I can move them to mutual funds or cash.

This is being done in preparation of the ability to transfer to our IRA, but when that will happen is unknown. It could be 5 days or 5 months or longer and is at the discretion of the IRS as we wait for their letter of determination.

My question to the board if anyone happens to know, do I have any legal recourse here.
This is nasty and feels illegal to me, but surely I don't know.

Thanks in advance.

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