You "could" roll your 401K over to another company such as Charles Schwab, Fidelity or another "discounter" investment firm.I'm having a problem trying to collect my 401K after being laid off in March of this year.I've been calling the company for over 3 weeks and nobody seems to take me seriously. I did however mention that I'd be contacting someone from the television station about this and finally received a call, but then a week later nothing. Do you have any suggestions?
THEY will contact your employer for you and get the transfer done and you don't have to talk to our old company.
They would love the business and you can then take your money out if you like. I recommend Vanguard or Fidelity.
A bank can do the same thing but they have "fees" associated with their IRA's. At least every bank I know has fees on rollovers.