Fast 401k Rollover options?

My employer recently went bankrupt. I got this letter at the end of the year stating that my 401k plan would change to Merrill Lynch. They let me know that I can take a lump sum (with the standard 10% early withdrawl fee) or just leave it in there. I left it in there. Yesterday, I noticed a letter from Merrill Lynch welcoming me to their new plan and gave specific details that I was never told. It was loaded with fee upon fee:
*$50 annual fee
*$15 quarterly fee (since my account is below $20k)
*even a significant termination fee if I decide to leave

My previous 401k had NO FEES. None of the fees were described before the funds rolled over. Now if I don’t roll it over today, the termination fee goes up another $25 (increase in Feb 2010). How can I quickly rollover the funds? Can I just take a lump sum (to get the transfer started) and re-invest in a Brokerage IRA or would I be limited to the $5k/year limit unless I rollover direct from one bank to another? I don’t think I can get a new IRA account started in just a day.