It's Your Money: Orphaned 401k - WKOW 27: Madison, WI Breaking News, Weather and Sports

It's Your Money: Orphaned 401k

Posted:

MADISON (WKOW)--Another casualty of the recession: orphaned 401k plans. 

They happen when a company goes bankrupt or out of business and there's no one left to manage and make decisions regarding the retirement fund.

It becomes frozen and people cannot get to their money. 

Click the red camera icon to learn more about what to do if you have an orphaned 401k and what the government is doing to help.

Click here for the Dept. of Labor's page on retirement plans.

Click here for the Profit Sharing/401k Council of America.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WKOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Anna Engelhart at 608-661-2767. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.