are 401 k plans insured by the fdic 
most of the money in a 401 k is not insured by the federal deposit insurance corporation fdic your plan may be eligible for fdic insurance if it meets certain criteria for instance fdic insurance applies to certain accounts that allow participants to direct how the money is invested 11the bottom linesaving for retirement is an important part of anyone s financial plan if you can make sure you take advantage of an employer sponsored plan such as a 401 k these plans allow you to contribute pre tax dollars which also lowers your annual taxable income this means you may even be able to lower your tax liability if your employer provides a match it sweetens the pot even more because it means free money in your account keep in mind that there are limits to how much you can contribute if you go over these limits you will have to correct them and you may face penalties 