401K contribution
My employer will not be contributing to the employee’s 401K in the year 2009. What will happen to the funds that are currently in our 401K?
My employer will not be contributing to the employee’s 401K in the year 2009. What will happen to the funds that are currently in our 401K?
Permalink Submitted by mk foss on Tue, 2008-12-02 17:24
Nothing should happen to the funds. When deferals were made they went into a separate trust fund. The employer doesn’t have access to the funds.