Trevor, Because the Internal Revenue Service views a profit-sharing plan as a qualified retirement plan, it allows a person to transfer funds from a profit-sharing account to an individual retirement account, or IRA. Typically, profit sharing plans are linked with a 401k plan. You should be able to do a rollover from your profit sharing plan to the 401k of your new employer or to an IRA. However, if Scot Industries has an especially good 401(k) plan where Scot Industries negotiated low investment fees on behalf of employees, you might want to leave the money in your old 401(k) plan. I wouldn't know unless I saw the details of the plan.
If you take a straight withdrawal by check before age 55 without rolling it over to an IRA within 90 days, you will generally have to pay income tax and a 10 percent early withdrawal penalty on the amount withdrawn.