[e40]

That's why independently run 401(k)'s are the best. I'm a trustee of the one for our company, and there's no way I could raid it.

[njarboe]

Lots of people "raid" it by going to cash in the down-turns in the market and buying in the hyped peaks losing over 50% in the cycle.

[e40]

I think your usage of "raid" is not what is being discussed here. The meaning here is when companies get in trouble, they use loopholes (or downright evil language) in their retirement plans to essentially take the money from employees.

[walshemj]

But its an awful DC scheme you cant put much in there is zero tax relief an employer Mach is tiny the UK from April mandates 5% match for an employer -better than nothing I supose