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A few years ago Congress acted because companies were raiding the 401K reserves.

I think you mean that companies were raided for over funded Defined Benefit plans. 401(k) plans are Defined Contribution plans and are funded under a completly different mathematical concept. Defined Benefit plans, because of the way in which they are funded by employers, can become overfunded. There was a time when overfunded pension assets in Defined Benefit Pension plans could be reverted to an employer and thus raided. Defined Contribution plans can not be over funded. They can be prefunded. However, pre funded contributions to a Defined Contribution plan can not be reverted to an employer.

By the way employee deferrals are always 100% vested and belong only to the employees, and possibly thier spouses, and can never be recovered by an employer. The 15 day business day rule was enacted to prevent employers from getting what amounts to interest free loans from employee payroll untill those deposits are deposited, i.e. once the money is taken from someones paycheck, the employer must put it to work in a resonable amount of time.
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