If you wish to take money out of your 401k and give it to a 3rd (4th) party to manage, you CAN take money from the portion of your 401 listed as SBA (Sick Bank Account) and move it to another company under a self-directed IRA. This has to be done "hands-off" by you to avoid any penalties or taxes. By doing this, you can have a portion of your 401k managed by another company other than Fidelity.
"Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully."
