Due to mergers, bankruptcies, relocations, etc., it's often not possible to locate a former employer. Disclaimer: The content, calculators, and tools on NewRetirement.com are for informational and educational purposes only and should not be construed as professional financial advice. If you don’t have an old statement, reach out to former coworkers and ask if they have an old statement. google_ad_slot = "4203152606"; Find Lost 401k: How to Find Out If You Have Lost or Forgotten Retirement Accounts, National Registry of Unclaimed Retirement Benefits. Unclaimed Life Insurance Policy Demutualization Payments, Life Insurance Payouts Owed Heirs & Beneficiaries. One other method is to contact several former employees you worked with and see if they still have any records that will help you locate the administrative firm. Zip code search: Find employee benefit and retirement plan filings by location. Old 401k balances can be rolled into your current employer’s plan or rolled into an IRA in a trustee-to-trustee transfer. Pensions are becoming increasingly rare these days, but perhaps your parents or grandparents had one, and your family is owed the balance of an unclaimed pension. Because companies reorganize, merge, get acquired, or go out of business every day, it’s possible that your former employer is no longer around. Ask the human resources or accounting department to check their plan records to see if you’ve ever participated in the 401k plan. You can search their database by the participant or beneficiary’s last name, or by company or state. This differs from employees with traditional (defined-benefit) pension plans, which are subject to the solvency of the employer; but may be protected against loss by the Pension Benefit Guaranty Corporation, the federal agency responsible for the regulation of private pension plans. Again, you’ll need to have your personal information available. (Some lost participants may receive notice from the Social Security Administration, but only after reaching retirement age). | Glossary If you have reason to believe you are entitled to claim a missing 401k, either as the employee, spouse or rightful heir, but have not received payment, complete the form below to initiate a search. Do it yourself retirement planning: easy, comprehensive, reliable. Even though benefits belong to the employee, plan administrators can terminate your further participation in the plan if you (or your heirs) fail to claim plan benefits or cash a benefit check. We strongly recommend that you seek the advice of a financial services professional who has a fiduciary relationship with you before making any type of investment or significant financial decision. Instant View: See benefit filings right in your … The easiest and most effective method for locating an old lost 401k is to contact your former employers. The good news is that even if your former employer declared bankruptcy or went out of business, your pension money is protected by the PBGC and they keep a list of unclaimed pension assets. 401k Search – Find and Claim Missing 401(k) Retirement Plan Benefits The U.S. Department of Labor estimates each year tens of thousands of workers fail to claim or rollover $850 million in 401k retirement … Postal Service – $26.6 million Many plans are required to file an annual tax return, Form 5500, with the Internal Revenue Service and the Department of Labor (DOL). The U.S. Department of Labor estimates each year tens of thousands of workers fail to claim or rollover $850 million in 401k retirement plan assets when they change jobs. The U.S. Department of Labor maintains records for plans that have been abandoned or are in the process of being terminated. Each year, it’s estimated that more than 900,000 401(k) accounts go unclaimed, in addition to $300M in unclaimed pensions. undelivered & uncashed tax refunds. Participants in defined-contribution retirement plans such as the 401(k) are protected when their employers fail or otherwise cease operations, because they individually own the assets in their accounts. .