When you leave a job many times your 401k will stay with your previous job. But what happens to this 401k money if the company goes out of business or if you just forget about it? Many times these unclaimed 401k retirement accounts become lost and there are millions of dollars in unclaimed 401k funds in various states. The problem is most people don’t know how to locate these unclaimed funds. After all you can’t call anyone at the company that is now out of business. To find lost unclaimed 401k money you need to contact the 401K National Registry of Unclaimed Retirement Benefits. Unclaimed 401k funds are catalog in the registry and they can help you find your unclaimed 401k.
You need to follow some steps to get your lost 401k money returned:
1. Enter your social security number in the 401K National Registry Database and then perform a search. This will search the national database and find any unclaimed money which you are entitled to receive.
2. Once you enter in your SSN number to search for unclaimed money in 401k accounts registered to you, then you will be taken to a page showing you where they are and you will be able to complete the necessary paperwork to obtain your money or get it transferred to another retirement account you own.
Obtaining Unclaimed 401K is just that easy. So get out there and find any lost 401k money to which you are entitled.