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How do you find what happened to a 401K when company goes out of business and you have no paperwork saved from 10 years ago?
Wiki User
∙ 14y ago
There are a lot of variables to that question, and frankly, not enough info provided. In general, if you buy stocks in a company, and later it goes out of business, then your money is simply gone.
In theory, the company did it's best with it, and it didn't work out.
Of course, you may suspect that there were improprieties. That someone in the company - possibly more than one - systematically looted or gutted the company, selling off assets on the side, moving funds to private accounts, etc.
If you have reason to believe that, you may wish to contact the local prosecutor and/or your State's Attorney. Your own attorney should be the one guiding you in this, with your accountant's help if you have one.
Wiki User
∙ 14y ago
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