Yes,
In most cases, your employer has a management firm running your 401k
program and
it is entirely independent of the company. If your business goes under the
stocks etc, are
still yours and don't change in value.
Drew
In a message dated 10/25/2008 9:23:53 A.M. Eastern Daylight Time,
Clansgian AT wmconnect.com writes:
Same thing that happens if your stock broker goes under. You still own the
stocks.
If the employer goes under, the portfolio of stocks still exists
independently and will then be managed or disbursed by whoever recieves (is
in
recievership of) the defunct business.