Unclaimed 401k Plan Money

[PainPA]

I have a client who saw an old plan name in the newpaper (merged into the existing plan about 10 years ago) for unclaimed money.

He was the trustee then and is now.

Any ideas on what can be done with the money? or the proper methods i should use to capture this...

We are only talking about $1,500.00

[mbozek]

I have a client who saw an old plan name in the newpaper (merged into the existing plan about 10 years ago) for unclaimed money.

He was the trustee then and is now.

Any ideas on what can be done with the money? or the proper methods i should use to capture this...

We are only talking about $1,500.00

Is this a government 401k plan or a private 401k plan? If the plan is subject to ERISA funds never should have been escheated to the state. The solution is for a plan repesentative to request payment of the funds from the state agency holding the money and allocate it to the owner/participant. the procedures will be in the newpaper advertisement or chekc the internet listing for the state agency.

[PainPA]

It is Private 401(k) and it appears to be a dividend of which the plan was an unallocated trustee directed plan at the time. So the dividend is for everyone.