Rescuing a Forgotten 401(k): How to Track Down and Reclaim Your Old Retirement Accounts

Posted on Nov 5, 2025

It’s surprisingly easy to lose track of a 401(k) when you change jobs. In fact, millions of Americans have “orphan” accounts, which are small retirement balances left behind at former employers. According to recent studies, billions of dollars are sitting in forgotten workplace plans. If you’ve changed jobs a few times, there’s a chance some of your hard-earned savings are out there waiting to be reunited with you.

Step 1: Track It Down

Start by contacting your former employers’ HR or benefits departments to ask where the 401(k) is held. Even if the company merged or closed, your funds are likely still safe with the plan’s recordkeeper. You can also use the Department of Labor’s Abandoned Plan Database or the Employee Benefits Security Administration to search for lost accounts.

Step 2: Decide What to Do With It

Once you locate your account, you have several choices. You may be able to:

• Leave it where it is. This may make sense if the plan offers low fees and good investment options.
• Roll it into your new employer’s plan. Consolidating accounts simplifies tracking your investments, makes rebalancing easier, and may lower fees.
• Roll it into an IRA. This can give you more investment choices and control, although you’ll manage it independently.

Step 3: Don’t Cash Out

If you’re tempted to take the money, think twice. Early withdrawals before age 59½ trigger taxes and penalties and can derail your long-term savings goals.

Reclaiming your forgotten 401(k) takes a little legwork, but it’s worth it. Every dollar you recover is money you’ve already earned, and when invested wisely, it can make a real difference in your retirement future.

This material is provided for informational purposes only, and is not intended as authoritative guidance, legal advice, or assurance of compliance with state and federal regulations.