Consolidating 401k plans ray j gets new reality dating show

09-Nov-2017 17:54

In summary, now you have: Maintaining multiple 401(k) plans hurts your nest egg, and there are many reasons why keeping several 401(k) plans is a bad idea. Government Accountability Office (GAO) estimates that, even without any further job changes, you would receive between 40 to 70 separate documents over a 10-year period.

When a plan administrator loses track of a participant, she may transfer the search costs and applicable penalty fees to the participant.

However, very few Americans are aware of this benefit.