Jim has run his own advisory firm and taught courses on financial planning at DePaul University and William Rainey Harper Community College. Its beneficial to consolidate your accounts to reduce oversight obligations, Cavazos says. The service the national registry provides is free to employees and employers. If the company did not hear from you for an extended period, it might have transferred your funds to a separate, unmanaged account. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. Dont Miss: How To Claim Retirement Benefits. This compensation may impact how and where listings appear. U.S. Bureau of Labor Statistics. If your employer is still in regular operation, theres a chance that your 401(k) is still in the account that you had when you were with the company. That money is still completely their own, it just might be challenging to find them. Most unclaimed 401(k) accounts are small, but sometimes someone leaves behind a significant amount of money. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. Service-Disabled Life Insurance. Order your copy of the print edition ofInvestopedias Retirement Guidefor more assistance in building the best plan for your retirement. comprehensive, reliable. They sent notices to client homes, but she never responded to the mail. "Lots of times they don't know the pension's payout or what their options are, but finding it is step No. [CDATA[/* >