Find hidden treasure in old 401(k) plans
by Patricia Amend, AARP, February 9, 2022
How would you like to score your share of $1.35 trillion?
As of May 2021, that’s how much money was in some 24 million 401(k) accounts left behind at previous employers, according to a study by Capitalize, a company that helps Americans roll over their employer-sponsored retirement assets. Each year, the study found, people leave behind funds in about 2.8 million 401(k) accounts when they leave their jobs. Read more about how to find lost or forgotten funds HERE.
The National Association of Unclaimed Property Administrators’ website www.unclaimed.org is another excellent resource. This association consists of state officials charged with the responsibility of reuniting lost owners with their unclaimed property.
Below are government agencies that have databases you can search for unclaimed money.
- Treasury Hunt: Unclaimed U.S. Securities and Payments
- HUD/FHA Mortgage Insurance Refunds
- Credit Union Unclaimed Shares
- National Association of Unclaimed Property Administrators
(Individual State Unclaimed Asset Web Sites) - U.S. Courts: Unclaimed Funds in Bankruptcy