Is my 401k insured?

Answer by  SpaceMunkee (245)

No. 401(k), like any other stockmarket investment product, is not insured. A decent 401(k) is heavily diversified, which will protect it from extreme losses.

Answer by  pallaturck (153)

No. The recent depression has actually caused many 401k accounts to go down in value. 401k accounts are indirectly tied to the stock market, which can go up and down.

Answer by  MSH (305)

That is a question that you should ask the group that manages your 401K see who the insurer is and how sound a copany they are

Answer by  pambam (892)

Whether or not your 401k is insured depends on how it is invested. If it is in a bank money market account, for example, it is insured by the Federal government up to $100,000. If it is in mutual funds or stocks, it is not insured and subject to stock market risk.

Answer by  worker2211 (46)

401k's are not insured. They are through companies like Fidelity. If the mutual funds go to zero then 401k goes to 0. The chances of this happening are slim.

Answer by  Silver575 (69)

No. 401k plans are bulk investments used in stock exchanges, mutual funds, and a mixture of other investments. The performance is evaluated by fluctuating stock markets and your employer's profits.

Answer by  worker2746 (2434)

A 401K account is insured by the FDIC so that the brokerage house cannot go broke and you lose everything. Your 401K is not insured against losses due to investment accounts that it is in. If you are risk averse, use Certificate of Deposits at your local bank instead, they are a safe haven.

Answer by  ironman (75)

no it seems that a 401k is not insured. it is a risk like any other investment you may make.

Answer by  Turkwork (1150)

Most 401k are not insured. Generally on bank deposits are insured by the FDIC insurance fund. Employer 401k funds are almost never insured.