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Originally Posted by Cute Fuzzy Bunny
That brings me to the next question...what happens if something bad happens to the trustee?
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I was wondering if someone would ask.
The plan assets are in trust for the participant's benefit. If the plan trustee ended up in bankruptcy or otherwise was insolvent, those assets would not be available to the trustee's creditors. Now if the trustee stole plan assets then the assets may be gone. It is possible that a fidelity bond would reimburse you for a trustee's bad acts. Trustees stealing plan assets has got to be rare rare rare.
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