Uncashed Checks for a Bankrupt Recordkeeper

[Nassau]

My client has asked for advice concerning outstanding checks from a prior recordkeeper who has gone bankrupt. The clients question is...

"I came across an old file with distribution checks from ABC Company, the XZY Company 401(k) recordkeeper. There are 7 checks and the amounts range from $174.47 to $1,773.39. It doesn't look like accounts for these people were sent over from the ABC Company to the new trustee and recordkeeper, so I'm not sure what happened to the assets since these checks were never cashed. The checks are not valid anymore and the former recordkeeper went bankrupt so there's no one to contact. What do you suggest we do?"

I am really not sure what the best way to address this situation would be and would appreciate any guidance.

Can anyone provide guidance on this situation?

[401king]

Was the recordkeeper the custodian of the assets? If not, then there should be a company that is still holding those funds -- find out where the investments were held/what account checks were issued from from the company prior to the transfer.

[BG5150]

The checks should have a bank name and account number on them. Contact the bank.