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You might experience unexpected happiness.
Roll it over to your new company or an IRA
Give it to me, I'll handle it for free
Usually you'll have 30-60 days to close out any loans and decide on your distribution. Some other plans will allow you to stay with your current provider, but there isn't much point considering you'll have to pay your admin costs.
Most likely you'll take a check that's either sent directly or made out to your new rollover provider or new 401k provider.
If you have any questions, talk to an accountant or reps at both the inbound and outbound providers.
Vanguard IRA