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Old 07-22-2009, 08:06 PM
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Join Date: Jul 2009
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What happens to 401K is company goes out of business?

What is the name of your state (only U.S. law)? Connecticut

I have a 401K with my current employer. It is invested in mutual funds, nothing in the actual company itself.

The company who manages it where I log in to view the balance is john han****. What happens if my employer goes out of business, I assume they can't touch my money?
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Old 07-22-2009, 08:27 PM
cbg cbg is offline
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Join Date: Nov 2001
Location: Massachusetts
Posts: 23,702
No, the company will not be able to touch 401k funds.

What will happen is that Han**** will send you information about various options to roll the money into.
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