[wideawake]

They could not control what their employer put in their 401k.

Wrong.

I don't understand why people who know nothing about how 401ks work continue posting nonsense like this.

[freespirited]

Me: They could not control what their employer put in their 401k.

You: Wrong. I don't understand why people who know nothing about how 401ks work continue posting nonsense like this.

It is not about how 401ks work in general. It is about how the specific 401k at Enron worked.

The reason people like me keep posting what I posted is because it has been reported over and over again that the employer contribution to the 401k was made in the form of Enron stock. The employees could not sell that stock until the age of 50 even if they left the company.

If your point is that not every company does it this way, of course. My point is that Enron did it this way, and it was a bum deal for the employees.