It's Your Money: Orphaned 401k - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

It's Your Money: Orphaned 401k

Posted:

MADISON (WKOW)--Another casualty of the recession: orphaned 401k plans. 

They happen when a company goes bankrupt or out of business and there's no one left to manage and make decisions regarding the retirement fund.

It becomes frozen and people cannot get to their money. 

Click the red camera icon to learn more about what to do if you have an orphaned 401k and what the government is doing to help.

Click here for the Dept. of Labor's page on retirement plans.

Click here for the Profit Sharing/401k Council of America.

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