The strange thing about this notice was, I had no idea Id been participating in the plan while I worked there! It is a way for employees to determine whether there are any unclaimed retirement plan funds that belong to them. According to the Pension Benefit Guaranty Corporation, an independent agency of the U.S. government tasked with protecting pension benefits in private-sector defined benefit plans, there are more than 38,000 people in the U.S. who havent claimed pension benefits they are owed. @media only screen and (min-width: 0px){.agency-nav-container.nav-is-open {overflow-y: unset!important;}} For example, lets say a person worked for a company from ages 25 to 35, but now is 45. Maintaining and monitoring an online platform for the plan that participants can use to update contact information for themselves and their spouses/beneficiaries, if any, and incorporating such updates into the plans census information. A traditional IRA would keep your money tax-deferred a Roth IRA would require you to pay taxes on the rolled-over amount, but with no taxes taken out when you withdraw it in retirement. The registry is a free resource: a public service organization devoted to helping former employees locate lost or forgotten benefits. Among other things, NewRetirement
National Association of Unclaimed Property Administrators (NAUPA) - The leading, trusted authority in unclaimed property A Network of the National Association of State Treasurers View the new MissingMoney.com NAUPA is the leading, trusted authority in unclaimed property. Perform your search using your name, especially if you've moved to another state. The advantage to employees of saving with a 401 plan is they are able to save funds they have earned, before taxes are deducted from a paycheck. 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. Years pass by, and maybe youve forgotten about a few old accounts. You will be able to search for your plan using the information you already have, including your name, your employers name and more. The money is owed to individuals whom we have been unable to locate in order to make payment. Its worth a look! [ February 20, 2023 ] National Registry of Unclaimed Retirement Benefits news [ February 20, 2023 ] CashUSA | Cash Loan, Personal Loans, Reviews news [ February 20, 2023 ] Citi Double . Finally, you may want to search the National Registry of Unclaimed Retirement Benefits. U.S. Bureau of Labor Statistics. /*-->