The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Attitude Question - SS Date:  3/15/2016  12:45 PM
Author:  rharmelink Number:  79336 of 97361

Do you have a few examples of companies that raided 401-k accounts?

The one that stands out in my memory was when there was an article on Pannekoeken Huis bankruptcy filing in the late 1990's, in Minnesota. It had a lot of write-up on how employees were getting hurt, because of the lost 401k balances and back wages some employees were owed.

I'm sure it had to do with how their 401k accounts were set up. Because I remember thinking at the time how strange it was, and that the same couldn't have occurred with my company's 401k.
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us