If you recently changed jobs or are currently considering an offer for a new one, you have probably thought about your new salary and benefits package, the commute, and perhaps even how you will reward yourself for a job well done. However, there is a good chance you may not have given much thought to what you will do with the money accumulated in your former company’s 401(k) plan.

Having a plan for that money will better ensure that you preserve your savings and that they continue to grow pending your eventual retirement. Any time you leave a company where you have contributed to the 401(k) plan, you have three options regarding what to do with the money you have saved.

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These days, companies must get creative about the ways in which they both compensate and motivate their workforce. One of the most popular practices is to offer employees opportunities to own company stock, essentially helping them take ownership of their work performance, whether good or bad. And one of the more popular ways companies support employee ownership of that stock is by allowing them to purchase shares through their 401(k) plan.

In some instances, employees are able to accumulate a sizeable sum of those shares and defer taxes on any growth in the process. But what happens to those shares when it is time to part ways?

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