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What happens to your 401k if the company administering it goes bankrupt?
Wiki User
∙ 15y ago
The things it is invested in are separate from the company administering it...the $ are in those assets (stocks/funds) and will simply be transferred to whoever looks after them in the future.
Wiki User
∙ 15y ago
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What happens to your 401k if AIG goes bankrupt?
I have a claim on a car insurance policy with AIG. What are the chances of this claim being met?
What happens to your 401K when you leave your employer?
You own your 401k so when you leave your employer you still own your 401k. You can either leave it where it is or you can move it to which ever company manages the 401k investments for your new employer. how do i git access to my 401k from this company so i can transfer or cash it in.
What happens to 401k when you leave a job and never here from the company?
You still own it.
What happens to my retirement account if I cash out my 401k at company I worked for over 20 years?
It disapperars!
What should I know before I get a 401K?
What happens if you leave the company is one find here here http://www.smartmoney.com/personal-finance/retirement/5-things-you-should-know-about-your-401k-7925/
Is the plan administrator of a 401k the employer or the company handling the 401k?
The Plan Administrator for your 401K can be any number of people. It could be the employer, an executive at the company or someone that was hired specifically for that job.
How can you find your 401k without any information?
i lost track of my 401k in 1997 and dont know the company that had the 401k plan
I opened a 401k account years back but i havent looked into it what happens to the money?
i need to know about my 401k
How do you convert 401k to self-directed IRAs?
The best option usually is to do a direct roll-over from the 401k to an IRA. You can get forms from your 401k company or the new financial institution where you want to put your money. If you do not already have an IRA, the 401k company can help you set up an account.
Is your company required to give you information on how your 401k is invested?
The company are required to provide this information. If it is a larger company they usually send a booklet to all of the 401K employees which mentions where the money is going.
i got fired from my job. can i get my 401k?
Money that you have put in a 401k is your money. If the company matched any portion then you typical will need to be employed to for a set amount of time to be vested, normally 7 years, in order to get the company matched portion. If you are no longer with the company then the custodial company for your 401k may charge you a service fee to maintain your account.
What happens to my 401k account if I lost my job?
Your 401k account will get rolled over to your next employee if you lose your job.
