Personal Finance and Investing

https://www.investopedia.com/ask/answers/090115/why-my-401k-not-fdicinsured.asp

> 1) My understanding is this money is not covered under FDIC. Correct? Or not?

It may be or may not be, depends - check with the institution that holds your money market account. Who is holding your money market funds?

> 2) If not, is there a type of fund that will be covered by FDIC, but moving it to that fund will not trigger any kind of income taxes, penalties, etc?

Yes, rolling over your 401(k) plan to a plan at an institution covered by the FDIC in an instrument covered by FDIC insurance.

Talk to your current plan administrator to see your options.