Looking For That Lost Retirement Account? Why It’s Easier To Find An IRA Than A 401(k)
“If you’re looking for an old IRA, searching for it through the National Association of Unclaimed Property Administrators (NAUPA) is likely to help you track down that account. But a 401(k)? If you don’t know the financial institution that held it, your chances of finding it are much slimmer.”
Liz Farmer spoke to NAUPA Legal Committee chair and Illinois Chief of Staff G. Allen Mayer, Esq. about lost 401(k) accounts, ERISA issues, and the efficacy of state unclaimed property programs at reuniting participants with their money.