Most 401(k) plans do not have FDIC coverage

[merrill]

Most 401(k) plans do not have FDIC coverage, with the exception of certain assets in a self-directed 401(k) plan, such as a solo 401(k). Bank accounts, such as certificates of deposit (CDs), held in self-directed 401(k) plans may be insured if the bank is an FDIC-insured institution.

Are 401(k)s FDIC-Insured? - Investopedia​

 

[Darkwind]

Most 401(k) plans do not have FDIC coverage, with the exception of certain assets in a self-directed 401(k) plan, such as a solo 401(k). Bank accounts, such as certificates of deposit (CDs), held in self-directed 401(k) plans may be insured if the bank is an FDIC-insured institution.

Are 401(k)s FDIC-Insured? - Investopedia​

That is because they are not bank accounts.

 

[Rambunctious]

High yield savings accounts are where people should put money and build a nest egg... just saying...

 

[MarathonMike]

Oh boy, hey merrill lookup ERISA and SIPC. A 401K is not a bank account.

 

[The Duke]

Most 401(k) plans do not have FDIC coverage, with the exception of certain assets in a self-directed 401(k) plan, such as a solo 401(k). Bank accounts, such as certificates of deposit (CDs), held in self-directed 401(k) plans may be insured if the bank is an FDIC-insured institution.

Are 401(k)s FDIC-Insured? - Investopedia​

So don't sell them now. I hope you're not The Wanker reborn again.

 

[Concerned American]

Most 401(k) plans do not have FDIC coverage, with the exception of certain assets in a self-directed 401(k) plan, such as a solo 401(k). Bank accounts, such as certificates of deposit (CDs), held in self-directed 401(k) plans may be insured if the bank is an FDIC-insured institutiCon.

Are 401(k)s FDIC-Insured? - Investopedia​

CDs are fixed rates and banks aren't going under in addition to most 401Ks are not CDs or bank accounts but invested in the market. LOL Do you have a 401K? I suggest you educate yourself on those investments or any other before you invest. It is obvious you haven't.