It portrays your old colleagues as lazy, stupid, backbiting, insincere and unhappy in their work. Bring it to us. But don't let your decision be driven by your ire. It's invested in mutual funds run by independent managers and perhaps in the company's own stock. The plan is generally a safe haven for people who don't know much about investing.
Companies offer a prudent mix of diversified mutual funds, invested in stocks and bonds.
At large companies, the price of managing money is low. An independent IRA might cost you more in fees and investment expenses. The more you pay, the less money accumulates in your account. Your account might contain a lot of company stock that you're not allowed to switch into mutual funds. That's a risky position.