$1.7 trillion sits in lost and forgotten 401(k) accounts. Is one of them yours?

Those 29 million idle accounts represent one quarter of all assets held in 401(k) retirement plans.

At least $1.7 trillion languishes in lost or forgotten 401(k) accounts, with an average unclaimed balance of $56,616. 

Those 29 million idle accounts represent one quarter of all assets held in 401(k) retirement plans. 

And those figures come from a 2023 report from Capitalize, a financial services firm. The numbers could be higher now.

“That’s a heck of a lot of money,” said James Royal, an investing analyst at Bankrate. “You could really have tens of thousands of dollars out there.”

It’s hard to fathom how anyone could lose track of $56,000, until you stop to consider the circumstances behind the typical lost 401(k) account.  

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