Question: are 401 k accounts protected by fdic?
Answer: The FDIC covers deposits, not investments, and most 401(k) assets are in the latter. Deposits held in 401(k) plans are covered if the assets in question are held by an FDIC-insured financial institution. The FDIC insures deposits up to $250,000. Deposits include checking, money market, and savings accounts, and CDs.