deceased participant
I have a 401k plan. last year one of our participants cleaned out her account when she was diagnosed with terminal cancer. She died. After her death, our company make a profit sharing contribution, part of which went to her. She’s dead, and she has no known relatives or next of kid. I want her small balance out of my plan. Do I notify the state that I have unclaimed property, or do I have to make an effort to locate a beneficiary on my own?
Thanks.
Permalink Submitted by Alan - IRA critic on Mon, 2016-07-18 22:55
I don’t know. If you do not have a plan administrator that can help, you might try calling EBSA’s regional office for your location: https://www.dol.gov/ebsa/AboutEBSA/org_chart.html#section13
Permalink Submitted by Jose Morales on Tue, 2016-07-19 16:08
If she died without next of kin or any known relatives then there could possibly have been a public administrator assigned to handle her estate. You should be able to check with the county in which she lived if there was one named.
Permalink Submitted by Ben Meyer on Wed, 2016-07-20 15:30