Zombie 401(k) Accounts

July 31, 2013

Terry Dunne contributed to this article written by Kerry Pechter at the Retirement Income Journal. This article refers to retirement plan accounts that have been 'orphaned' by former employees and addresses the key issues related to this growing problem for plan sponsors. Millennium Trust's automatic rollover solution is given as a way to outsource the problem and remove these 'Zombie Accounts' from their books.