Will my retirement planning you sure?
I infer that when we say “safe” refers to two things:
1) assurance that the money is your property and not going to take your employer and
2) the investment is guaranteed in case loss.
If the 401k was successful as demand ERISA money your You provided and the profit generated automatically from your property (the contribution they have made, if any, may be yours as you may not).
You are my money safe 401k bankruptcy and loss of investment?
To give you an idea, when the company declared bankruptcy, no matter whether Chapter 11 or 7, the money put into a retirement planning subject to ERISA law is excluded from bankruptcy. Therefore, it is protected from access by debtors.
In Spanish this means that as the retirement planning is subject to ERISA regulations, or your employer, nor debtors are entitled to your money. As I say your plan is a 401k, come under the regulation of ERISA (= acronym to mean “Employment Retirement Income Security Act of 1974 … is the legal bible of retirement plans).
Under the law ERISA, when a retirement planning is created, the contributions made by the employee (in this case you) and the employer are deposited in a “trust” (trust) for the sole purpose of benefiting employees and their beneficiaries. Your employer can not reach into the background and get money because it is not him (there are minor exceptions). The money is yours is separated into an account in your name indicating that it is your property.
The employer can not borrow, use it as collateral, pay, pay bills with that money you contribute.
Now, the issue of investment is something else. As your 401k plan is an investment responsibility lies with you. Unless the investment plan is not sufficiently diversified to minimize large losses or not the funds have not been invested wisely, every loss is under the responsibility of the employee (= you). Depending on the type of investment that make the risk of loss is higher or lower. It rests on your shoulders.
I suggest you find out if plan administrators and those who handle the money have a “fidelity bond”. By law, requires that there be a safe place to protect plan participants (= you) in case of a fraudulent or dishonest action committing someone responsible for administering the plan. Asks how is the maximum value of the insurance.