[jazz4cash]

I understand you're ticked off....I would be also, but I'm glad it's not as bad as it sounds (Forced Liquidation!). For the life of me I can't figure out why employers pick high cost funds for thier plans. We had something similar occur, but employer stuck with Fido and substituted some low cost name brand funds for the publicly traded ones we had before. I'm pretty sure it's all about saving the company a few basis points.

Have you reviewed the SPD to see if the plan permits an In-Service Rollover to an IRA? This is not a common feature of many plans, but our plan has this feature AND sometimes an event such as this would qualify for an IRA rollover even if the plan does not normally allow them. I suggest reading the SPD yourself as I usually have to correct the Fidelty reps as well as our own HR reps on these obscure features of the plan. In this particular case, Fido might be very motivated to assist you with a rollover to keep your assets in-house.