445 12th Street SW Washington, DC 20024-2101. Searching is simple, you can search their database by Plan Name or Employer name, and locate the Qualified Termination Administrator responsible for directing the shutdown of the plan. In leaving one job and taking on another, some employees forget to take their 401 or other retirement accounts with them. Offer financial wellness to the people at the heart of your business. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. If your searches uncover an old 401 account in your name, your best bet is to roll the money in that account over to your current retirement savings account, be it another 401 or an IRA. All you have to do is find it. We ask them, 'After you left this company, did you roll this into another plan?' Finding a lost 401k or other retirement account is more tedious than metal detector treasure hunting, provides you with a way to estimate your future retirement income needs and assess the impact of If they do, you can reach out to the account administrator to direct your funds into a new account via rollover or cash out the account. Therefore, this compensation may impact how, where and in what order products appear within listing categories. If you die and your heir doesnt claim it, it remains in the unclaimed property account in perpetuity. With inflation topping 8%, that raise doesnt feel so rich anymore. Subscribe to our daily newsletter to get investing advice, rankings and stock market news. Find Lost 401k: How to Find Out If You Have Lost or Forgotten Retirement Accounts, Get Started If you arent successful in contacting your former employer or the plan administrator, unfortunately, there is no central database for searching for old retirement assets. Best Parent Student Loans: Parent PLUS and Private, National Registry of Unclaimed Retirement Benefits. For example, lets say a person worked for a company from ages 25 to 35, but now is 45. Many employers offer retirement accounts and benefits, and some will even match their employees contributions. Again, youll need to have your personal information available. If youre interested in earning more in your line of work, changing jobs may be your best tactic. The Pension Benefit Guaranty Corporation is a U.S. government agency. If you live in Pennsylvania, you should start your search sooner rather than later. Once youve found a lost retirement account, what you do with it depends on what type of plan it is and where its located. Finding a lost 401k or other retirement account is more tedious than metal detector treasure hunting,but perhaps more rewarding. Our weekly newsletter full of inspiration, podcasts, trends and news. Federal government websites often end in .gov or .mil. Those plans use best practices as part of their ongoing culture of fiduciary compliance rather than just as one-time or sporadic fixes. Some of the practices used by well-run plans to connect participants and beneficiaries with their hard-earned benefits are listed below. /*-->