When you search for lost cash, you might find an old 401K account that has grown much larger than when you last saw it. That’s what’s happening more and more as individuals conduct searches for money that somehow become lost and then ended up in State or Federal Treasury accounts across the country. A person typically starts a 401K account because it is offered by their employer. As they continue to work, they will add to their 401K account and oftentimes the employer will match their contributions to create an even bigger sum for the future. The idea, of course, is that the person will be able to retire on the healthy sum that results from years of working for the same employer. What happens, then, when the person changes jobs? What happens to the money in that 401K? As we’ve mentioned, many are finding this lost cash years later in 401K accounts that have long been abandoned.

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<\/a>When you search for lost cash, you might find an old 401K account that has grown much larger than when you last saw it. That’s what’s happening more and more as individuals conduct searches for money that somehow become lost and then ended up in State or Federal Treasury accounts across the country. A person typically starts a 401K account because it is offered by their employer. As they continue to work, they will add to their 401K account and oftentimes the employer will match their contributions to create an even bigger sum for the future. The idea, of course, is that the person will be able to retire on the healthy sum that results from years of working for the same employer. What happens, then, when the person changes jobs? What happens to the money in that 401K? As we’ve mentioned, many are finding this lost cash years later in 401K accounts that have long been abandoned.<\/p>\n\n