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Asked 3/17/2009
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10 year old 401k Hi, I worked for a company for a few years and contributed to a 401k. When I left the job, I didnt do anything with it, I didnt roll it over and i didnt cash it out, mainly because I was young and dumb. 10 years have passed, and Ive just now got in touch with my old employer to get info on what the 401k investment company was (I cant remember) and I'm waiting for their response. My questions are:
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Answer 1/1 - Submitted 3/21/2009
Generally, 401(k) funds continue to be invested. After you have left the company, there are no new contributions. If the original amount was too small to remain invested, the company would have automatically issued it out to you when you left.
Concerning your choices, they are: allow the funds to remain where they are, roll them into an IRA, or (possibly) roll them into your current employer's 401(k).
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