Many employees, over the course of their careers, bounce from one job and company to another, sometimes leaving behind retirement accounts worth thousands of dollars. If the employees haven’t been as diligent as they should have in rolling that money over to their new employer’s retirement plan, there’s now a resource that can help retirees locate their unclaimed retirement benefits.
The National Registry of Unclaimed Retirement Benefits is a national public service company, owned by PenChecks, Inc. The Registry provides a secure database service designed to support fiduciaries and custodians holding retirement benefits that have been left in the plan, unclaimed by missing former participants, or have been set up as a Default IRA.