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401(k) Plans

401k and creditors

Guest tonys

By Guest tonys
January 26, 2000 in 401(k) Plans

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Guest tonys

Guest tonys

Posted January 26, 2000

Posted January 26, 2000

Is a 401k protected from all creditors in North Carolina?

Guest cclark

Guest cclark

Posted January 26, 2000

Posted January 26, 2000

Yes. Benefits in a 401(k) are protected from assignment per IRC401(a)(13). ERISA preempts state laws in this area.

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