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There were about 29.2 million forgotten 401(k) accounts as of May 2023, according to estimates from Capitalize, a platform that helps people roll over their 401(k)s. These forgotten accounts held ...
Continue reading → The post How to Find Old 401(k) Accounts appeared first on SmartAsset Blog. It's easy for people to assume their 401(k) contributions continue when they get a new job.
If you land a new job and have access to another 401(k), you can roll that old account into your new 401(k). This puts all your retirement savings in the same bucket, making it easier to manage.
First, search any old or current email accounts for old 401(k) plan statements. Then, go through your physical records and paperwork to find any old 401(k) plan statements or related documents.
Fortunately, a 401(k) offers portability, so you don’t need to be stuck in a former plan if you don’t like it. Workers have a few options for dealing with their old 401(k) after leaving a company:
Millions of Americans will at some point face the decision of what to do with their old 401(k) accounts as they switch jobs or find themselves out of work and can no longer contribute to the account.
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