Find Missing Money in Forgotten 401(k)s

New programs aim to help workers recover billions in pensions and 401(k) plans.

(Image credit: ©JGI/Jamie Grill/Blend Images LLC)

Millions of workers who changed jobs left more than a coffee mug behind. Billions of dollars in retirement assets are being held by former employers or the Pension Benefit Guaranty Corp. (PBGC), which inherits pensions from companies that have shut down their plans. Over time, workers may forget about 401(k)s and pensions or lose track of them as former employers merge, change names or close. Or their employer may itself lose track of them. The result is that retirees—and their survivors—are missing out on benefits.

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Eileen Ambrose
Senior Editor, Kiplinger's Personal Finance
Ambrose joined Kiplinger in June 2017 from AARP, where she was a writer and senior money editor for more than three years. Before that, she was a personal finance columnist and reporter at The Baltimore Sun, and a reporter and assistant business editor at The Indianapolis Star. Ambrose has a master's degree in journalism from the Medill School of Journalism at Northwestern University, and a bachelor's degree in art history from Indiana University.