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Lots of Plans have gotten converted to Cash Balance. Depending upon your company, you may have good or not so good investment choices. If you are 'vested', and this is usually indicated on the statements you get (in many cases, you are 100% vested after 5 years of employment), when you leave the company you usually have several options - leave the money with the plan custodian, do a rollover to a self directed IRA or a rollover to a new employer 401K, or take a lump sum distribution and pay big time taxes on it. My preference would be to rollover into self directed IRA at no load mutual fund such as Vanguard, and do a Couch Potato portfolio per www.scottburns.com
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