oid69, "...you just lost all of your 401k value in WM shares..." I don't think that is the true situation, at all. Close, but
NO cigar..." All 401K plans always have a Trustee who runs the fund on behalf of the participants. The Trustee is ALWAYS an outside entity, and NEVER directly affiliated with the company. This function is "outsourced". Otherwise, it would be a conflict ...