My husband worked at Lustar Corp over ten years ago and contributed to his 401K but never got it out how can I

Question

Lustar Corporation is in Asheville,NC
It is also shut down now
He worked there for three years but never withdrew or rolled-over
his 401k when he left.
not sure if Fidelity or who took care of it
just need to know who or how I can get in contact with

Answer 1

If it was never rolled over or withdrawn, normally all you need to do is contact the HR department at the company. They will give you information about what's in the account now, including his account number, and then you just need to decide who you want to roll it over to. I'd recommend rolling it into an IRA but if he has another 401k at his new work, he also has the option of rolling it into that account.

I have to admit that I'm a little worried that he hasn't gotten any statements or anything over this time. Even with the company shut down, the 401k should still be in existence. Did your husband keep his address updated?

I'd suggest trying to reach someone else who worked in the company with him to determine who is administering the 401k plan, and then contact them. Surely he can remember the name of someone who he worked with, and find them in the Asheville phone book.

Best of luck.

Answer 2

Hopefully the company held on to those funds. Contact the department of Labor in Ashville for assistance.

Answer 3

You need to find out if the company came back under a different name. I would suggest getting an attorneys advice on this and possibly getting the money back..

Answer 4

Fidelity would be a good place to start. Even if they weren't the manager of his portfolio they might be able to point you in the right direction!

Answer 5

Actually you can just roll over it, thats the best way. I heard wells fargo have roll over service

Answer 6

check with the unclaimed property department in north carolina. they should be able to assist you.