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-   -   Medium size company bankruptcy (https://www.askmehelpdesk.com/showthread.php?t=615971)

  • Nov 30, 2011, 04:52 PM
    tfm0309
    Medium size company bankruptcy
    I am concerned that the medium size company which I now work for might declare bankruptcy... I have two questions: If they do declare bankruptcy, can they keep the money I've put into my 401k account ? Second, there are rumors in the company that the company is preventing recent retirees from accessing their money until they are 70.5... These rumors right now are just rumors... but, can they legally do this ? Thanks
  • Nov 30, 2011, 07:15 PM
    Fr_Chuck
    Normally the 401K is not keep by the company but by an investment group

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