what happens with your 401k when you quit a job

[AbelDella]

After leaving a job, assets in a 401(k) retirement account can usually stay in the old plan. The available options include rolling funds to a new employer's plan or an IRA, or cashing out (with the caveat that taxes and an early withdrawal penalty may apply), while noting that small balances up to $7,000 can be forcibly distributed by the plan.