CHARLOTTE — Elroy Bupp likes fishing, especially from the pier at the ocean — but fishing for his retirement money, not so much.
He says he got a letter about his 401(k) about ten years ago.
“It said I had money in there and wanted to know what I want to do with it, roll it over, do whatever with it. And I just lost the letter,” he told Action 9 attorney Jason Stoogenke.
“I’m on disability now, so I figured it would help.”
Bupp says he tried to track down that account, even asked all of his former employers, but “nothing worked.”
Then he thought Action 9 will know what to do. Stoogenke told Bupp the federal government has a way to track funds, the U.S. Labor Department’s Retirement Savings Lost and Found Database, a good place to start. It’s also pretty user-friendly.
“It was within 20 minutes… was all it took,” Bupp said. “Real relief because I’ve tried everything. I didn’t know what else to do,” he said.
Did he ever think he’d find it?
“No, not until I got in touch with you. That’s my last resort. I didn’t know what else to do,” he told Stoogenke.
(VIDEO: How to save for retirement at any age)
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