Hey, did you hear the one about the guy who left his job and forgot he had $4,800 in his 401k plan?

Okay…it sounds ridiculous. Who forgets they have that kind of money? Well, believe it or not, it happens pretty often. Just ask the financial officers at hundreds of large or medium-sized companies. Many smaller businesses, too. They’re the ones stuck overseeing these accounts for employees.

Now FMi has developed a solution that helps take the burden of managing ‘forgotten 401k’ plans with balances of $5,000 or less off the backs of businesses, and provides benefits for those to whom they belong, as well. (more…)