ESOP Payout - What to Do?

[Brian Day]

In December of '21, I rolled over $41k of my 401k into my previous employer's ESOP (had $5k balance at the time). Fast forward to now, and the company has grown exponentially, and was also purchased in June of this year. We received our final statements yesterday and I now have ~$600k in that account (roughly 6x what I should have for retirement at this point). I also have $20k remaining in that company's 401k, along with 20k in my current employer's 401k.

I'm 34 years old, I'm single, I have ~$40k in debt (auto loan). What are my options here? Would it be best to roll over everything into a retirement account to avoid the tax hit? Could I take some of the money and pay off debt and put the rest in my savings that's currently getting 5.05% APY?