|Just like other qualified
retirement plans, the 412(i) is protected by ERISA from the participant’s
creditors and predators. So, in the worst of possible circumstances, the
participant might lose everything else he owns, with the exception of his
412(i) – which no one can touch, even if it holds millions of dollars in
retirement funds on the participant’s behalf!
|In fact, there has been some
cases recently where the court held that contributions were still protected
even if the owner had filed for bankruptcy.