Employers Panic to Terminate Your 401(k) Plan Due to COVID-19

Some say there's a panic over the pandemic. And then some are in a panic over the economy. Businesses have permanently closed and millions of layoffs and firings have ensued. Some businesses that are still open have opted to cut back on benefits, or terminate them altogether, including 401(k) plans. Read the articles for more details. Also, view the news report if you must withdraw your cash as a last resort.

Sources:
https://www.fool.com/investing/2020/05/03/employers-could-terminate-your-401k-plan-due-to-co.aspx

https://www.fool.com/investing/2020/04/23/how-a-furlough-affects-your-401k.aspx