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Financial Planning / Tax Strategies


Subject:  Re: Social security and payroll tax witholding Date:  4/19/2013  11:59 AM
Author:  vkg Number:  118467 of 129503

If the company goes through bankruptcy, there could be a time that you can't access the account. Your account is not an asset of the corporation, but the bankruptcy court may have to issue the official order removing the 401K plan from the bankruptcy. This did occur with one of my previous employers. It has been awhile, and maybe the process has been streamlined.
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