Financial planning
 
Question:
Avatar

How do I locate money in a 401K or IRA if I havent worked with the employer for over 10 years?

By Russ Asked Oct 30 2009 9:01AM
8
Pts
 
 
Rate Question
Answer Question Help someone!
Get the latest questions in Financial planning
flag

Welcome to Answerbag, a community of people sharing what they know.
Sign up now to ask a question or help someone else by giving an answer!

signup now
Sort answers by: Rating | DateArrow Down
 

Answer 1 out of 4

by qwerty on Oct 30, 2009 at 9:30 am Permalink

Avatar
If you had less than $5k in the account, the firm that managed it could have forced you to tkae the money or roll it over, more than $5k they can't do this
Since it has been 10 yr with no activity from you is long enough for it to be escheated; IE stolen from you and put into the tax base
Call the employer and find out what firm manages it and start calling, it could have been taken over by more than 1 firm in 10 yrs
0
Pts
 
 
Rate Answer
 
flag
Comments (be the first to comment)

Answer 2 out of 4

by dumdum on Oct 30, 2009 at 9:18 am Permalink

Avatar
If you did not roll this money over to an account of your own when you left - it is not good news. If you do not get at least a yearly statement of such an account that another party is holding for you - it is worse news. I would start with the employer and the firm that you knew managed the account.
0
Pts
 
 
Rate Answer
 
flag
Comments (be the first to comment)

Answer 3 out of 4

by Wide Awake @ got 2nd house choice on Oct 30, 2009 at 9:12 am Permalink

Avatar
The employer does not hold the account, a financial institution does. Ask the employer who sets up their 401k employee accounts (or who did when you were employed).
0
Pts
 
 
Rate Answer
 
flag
Comments (be the first to comment)

Answer 4 out of 4

by knownothing on Oct 30, 2009 at 9:06 am Permalink

Avatar
You just need to find out who holds the account. That will be a third party. Call your old employer and ask them. Then you'll have to call the company that holds the account and give them your information. Should be easy.
0
Pts
 
 
Rate Answer
 
flag
Comments (be the first to comment)


Add an Answer

How do I locate money in a 401K or IRA if I havent worked with the employer for over 10 years?

How to write a good answer
Your answer:

Display answer in fixed-width font (good for tables or text diagrams)

Answers must adhere to our Terms of Use

To create links, just type the address with no HTML code. Use the Preview button at the bottom to verify.

You can edit your answer at any time.

Add Video Add Iimage


Important: Answerbag cannot guarantee the accuracy of answers submitted by members, and we recommend that you use common sense when following any advice found here. Read full disclaimer.