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ERAUAV8TR

05-16-2020 12:32 PM

Bankruptcy 401K

What happens to 401k contribution and match if bankruptcy transpires?

Dumpy

05-16-2020 12:40 PM

Quote:

Originally Posted by ERAUAV8TR (Post 3057568)

What happens to 401k contribution and match if bankruptcy transpires?

Nothing happens to the money you already have in a 401K - contributions and matching funds are yours no matter what. Contractual concessions may change the matching portion going forward. Your contributions are capped by IRS rules at $19,500 per year. That won't change.

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