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Lost Track of an Old 401(k)? PBGC Program May Help to Find Your Money
Bloomberg Link to more items from this source
Sept. 19, 2016
"Under the voluntary service, businesses closing down a 401(k) could transfer stranded accounts to the PBGC or send the agency information on the location of the stranded assets, to be added to a database. The agency estimates that about 24,000 defined-contribution plans are ended each year, mostly at small employers.... Currently, stranded 401(k) accounts are often transferred to private companies ... which set up IRAs, notify the account holders, and search for any who can't be found."

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