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New Tool to Help Clients Reclaim Lost 401(k) Assets

Millions of Americans have lost track of retirement savings from previous jobs. In fact, $1.65 trillion is sitting in forgotten 401(k) accounts—or about 25 percent of all 401(k) assets.1

The U.S. Department of Labor’s new Retirement Savings Lost & Found database makes it convenient to locate these missing funds. This free online resource helps workers and their beneficiaries track down unclaimed retirement plans, including 401(k)s and pensions.

Learn more and access the tool here

Download Advisor-Use Summary Sheet
 

1 Source: Capitalize “The True Cost of Forgotten 401(k) Accounts (2023),” June 2023.

This material is not intended as a recommendation or as investment advice of any kind, including in connection with rollovers, transfers, and distributions. Such material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. All content has been provided for informational or educational purposes only and is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation.

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This website is directed to and intended for use by citizens or residents of the United States of America only. The material provided on this website is not intended as a recommendation or as investment advice of any kind, including in connection with rollovers, transfers, and distributions. Such material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. All content has been provided for informational or educational purposes only and is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation. Investing involves risk, including the possible loss of principal.