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Old 05-16-2020, 12:32 PM   #1  
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Default Bankruptcy 401K

What happens to 401k contribution and match if bankruptcy transpires?
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Old 05-16-2020, 12:40 PM   #2  
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Quote:
Originally Posted by ERAUAV8TR View Post
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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