Cashing it out is CRAZY unless you have some disaster pending and have to. 30% loss in fees is like taking a match and lighting your hard earned money on fire. You can roll it into a self directed IRA, meaning you manage it, Ameritrade, etc, and there are no fees at all. OR you can go with an institution that manages it for you. Some have fairly inexpensive fee, say 100 bucks a year. And some have a percentage of balance fees..I'd do self directed IRA and SAVE and perserve what you have..
@N+T IRA contributions are after tax. You can have an IRA account even if you are not working. You can contribute up to $5k per year. As a houshould you can contribute up to 10k (if you both have an individual account).
You can check on each companies website to see if they are insured. If you orsomeone in your family was in the military, USAA can manage your IRA for you.