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Are 401(k) and other type sof tax qualified defined contribution plans insured?

April 26, 2017contribution defined insured plans qualified SOF tax type

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Are 401(k) and other type sof tax qualified defined contribution plans insured?

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No. Investment funds are not insured or guaranteed by the FDIC, NDUA, or any other government agency; are not deposits or other obligations of, or guaranteed by, any bank or any affiliate, or credit union; and are subject to investment risks, including possible loss of principal amount invested.