Is it safe to have a 401 account?

I think it is always for the better to have a 401 account. However, it greatly differs where you put them. It is always safer to put such account into something that is bigger and most trusted in the industry. Though its not a guarantee but it is always better. Take for example what happened to AIG. The government chose to intervene because they are the biggest insurer and the most trusted and a lot of people's hard earned money were put into them.

The assets held in your retirement account are yours. Creditors of the company administering your plan cannot touch them. The Securities Exchange Commision makes sure your money does not get mixed up with the companies money. I read that at this website: www.ajc.com/business/content/business/stories/2008/09/21/economy_q_and_a.html

I never really thought to ask that question, but hopefully someone knowledgable on the subject will chime in with the answer. I remember that as things happened with his company my father's retirement funds at one point quadrupled and then later were cut in half. If you know what to do and when you can make a lot of money otherwise you might end up losing it.