No, the 401K can invest in anything the plan has available. It's up to the plan what investments they use. I stopped working in 2002 and left my 401K with the company. I like the fund I have. Or I can roll it over to my IRA.
How old is she? When she turns 72 she will have to start taking the RMD Required Minimum Distribution if not before. The plan should send her letters each year about that and how much to take.
