What happens to 401K is company goes out of business?

[helexia23]

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?

 

[cbg]

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.