It's pretty much impossible for a company to "raid" a legal 401k plan. The money goes into your account and only the owner (employee) can make withdraws, its like saying a company can raid your checking account because you have a direct deposit set up.
Where a company can screw the employee is if they are not depositing the money into their 401k accounts after withholding it from their checks. That game can only go on for so long. Federal law requires that the deposits are made as soon as the amount can be accurately computed and reported - usually 10-15 days after month end. Any longer than that and a complaining employee could easily trigger an IRS audit and the people violating that law will quickly find themselves sharing a cell with Chester the Molester.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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