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Asked 10/21/2008
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How to access my 401k account I was lately informed by my formal employer that I had a 401k account setup during my employment with them and now they want to forward me the money. I am not aware that I have a 401k account and I have never received a 1099 form. Is there any way I can check if it is true or not that my previous employer set up the 401k for me? if they did, where can I access my account?
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Answer 1/4 - Submitted 11/26/2008
Answer 2/4 - Submitted 2/24/2010
Answer 3/4 - Submitted 1/15/2012
Answer 4/4 - Submitted 1/15/2012
I'm just wondering if you noticed any pre-tax deductions on your pay stub. When you become part of a 401K plan, the employer usually gives you a packet or a packet is sent to you by the financial institution responsible for the account. You would have had to fill out paper work so that tax information and beneficiary info would be in place. I would check with their Payroll Department or Human Resources Department to find out the info needed to access your account. Once you find out the amount, you can then either open a 401K with your current employer if they offer it, or you can open your own retirement fund. If you don't put it into a retirement account, you will be taxed on that money along with a penalty fee, usually 10%. You didn't know you had it, so don't spend it.
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