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Question

Asked 9/15/2008

Are Citistreet 401K accounts covered by FDIC?

I have over 165K in my 401K account. I am concerned with the collapse of Leaman Brothers and the sell of Merill Lynch, and the resulting chain of events.

 
 
 
 
 
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Answer 1/1 - Submitted 9/16/2008

Unless your 401k had a fixed option where you were investing your money in a cd at a bank, or in a money market that was at a bank, it is not FDIC insured.

 
 
 
 
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