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Americans have abandoned 29.2 million 401(k) accounts holding trillions in assets. You can find them using a new government database or calling past employers.
The U.S. Department of Labor has an "abandoned plan search" program to find out if a retirement plan has been terminated after a business went bankrupt or merged. The program began in 2006. The ...
To help reduce cash-outs of small-balance 401(k)s or abandoned savings, Vanguard, the mega mutual fund firm, plans to launch the Retirement Clearinghouse’s auto portability program for 401(k ...
Finding lost and forgotten 401(k) accounts is important in order to maximize your retirement savings. Every little bit helps, so you don’t want to let hundreds or thousands of dollars go unclaimed.
It's easy for people to assume their 401(k) contributions continue when they get a new job. Financial services company Capitalize estimated that 24.3 million …
The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary ...
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