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If the 401k is Roth I would definitely roll it into an IRA. If traditional, it depends if you currently use or plan to need to use the backdoor Roth IRA in the future. If so you don’t want the funds in a traditional iRA. I would leave it where it is or roll to the new 401k.
Chief
This ^^^
I moved my previous 401Ks into new employer 401K
Roll in into an IRA
If you roll it into an Ira you usually get more control how the money is invested.
Thanks everyone. Just occurred to me now would be the worst time to transfer given the drop in the market…
Why?
FWIW, I have lost a few $K everytime I didn't leave my 401k with my former company. Each time the position would close when the market lost a 2%-3% and by the time it reached my other institution, the market had made up the previous week's loss.