This is a very broad question and you are not giving us much information. In short, it depends... Speak with your H/R Department, benefits coordinator, or plan administrator regarding your plan as every plan is different. A 401(k) may allow a lump-sum or in-service withdrawal if you are still working for Festiva Resorts.
Funds can be rolled-over into an annuity (effectively a self-funded pension) or into an IRA. Taxes, taxes, taxes… with the exception of Roth IRA’s, distributions from pensions, annuities, defined contribution plans, and IRA’s generally get taxed as current income. You may also be subject to a 10% early distribution penalty depending on the type of plan, your age, and the reason for your withdrawal.
I would suggest extreme caution as this is a very complex issue. Educate yourself or consult with a trusted Fee-Only Registered Investment Advisor. An advisor can help you navigate this mine-field.
Warmest regards John Essigman www.bluecreek.net