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URL:  https://boards.fool.com/however-i-have-never-seen-a-401k-that-didnt-29003591.aspx

Subject:  Re: Retirement savings options for high-income e Date:  1/4/2011  10:13 PM
Author:  Goofyhoofy Number:  68073 of 96119

However, I have never seen a 401k that didn't have a money market fund, which, while not cash, is close.

My wife has worked for Westinghouse, for Scripps-Howard, and for a national television shopping network. All three had 401(k) programs. None of them had "money market" or anything similar as an option.

The closest was Westinghouse, which would let you put the money in a bond fund, which was not really a bond fund, but was a fund of bonds, purchased and never traded, with the coupons funding redemptions. (Of course that would have to change if they got a sudden run on the fund, at which time the bonds might or might not pay out at par.)
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