<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto">Dave, all I can add is that CMP used to refer (loosely) to the profit sharing plan as the pension plan. Good luck!<div><br></div><div>Rob<br><br><div id="AppleMailSignature" dir="ltr">Sent from my iPhone</div><div dir="ltr"><br>On Dec 23, 2019, at 6:39 PM, David Needle via Ipg-smz <<a href="mailto:ipg-smz@netpress.org">ipg-smz@netpress.org</a>> wrote:<br><br></div><blockquote type="cite"><div dir="ltr"><div dir="ltr">Ah if only Tom ! I haven't completely closed the books on this, but it seems extremely unlikely. (I private email replied to Tara that the California unclaimed property entries are all for other "David Needle's" - surprisingly there are quite a few! )<div><br></div><div>So of the two documents from Social Security, the one for Computer Currents Publishing says "Computer Currents Publishing 401K Retirement Plan". I can do a bit more digging, if it was a 401K I rolled it over to American Century and then later Fidelity. There would be no need to leave anything. </div><div><br></div><div>For CMP it says the Plan Name is: "CMP Media Inc. Pension Plan" so perhaps that is the profit sharing Rob was referring to. But could this possibly be something that didn't vest or that I wasn't entitled to after working there only two years? In any case, with CMP being sold a few different times and the entity that was "CMP" long gone, is there anything to pursue and if so where to start? I'm open to suggestions! 😀</div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Mon, Dec 23, 2019 at 10:51 AM Tom Henderson via Ipg-smz <<a href="mailto:ipg-smz@netpress.org" target="_blank">ipg-smz@netpress.org</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
<div>
<p>Yep, I'm thinking Mr Needle has a "windfall".</p>
<p>Tom</p>
<p><br>
</p>
<div>On 12/23/19 1:44 PM, Evan Schuman via
Ipg-smz wrote:<br>
</div>
<blockquote type="cite">
<div>
<p class="MsoNormal"><span>But is it ONLY bankrupt firms? And
how are they defining bankrupt? </span></p>
<p class="MsoNormal"><span>In CMP’s case, it was acquired. What
happens to those accounts?</span></p>
<p class="MsoNormal"><span> </span></p>
<div>
<p class="MsoNormal"><span>_______</span></p>
<p class="MsoNormal"><span>Evan Schuman</span></p>
<p class="MsoNormal"><span><a href="mailto:eschuman@thecontentfirm.com" target="_blank"><span>eschuman@thecontentfirm.com</span></a></span></p>
<p class="MsoNormal"><span><a href="tel:973-993-8098" target="_blank"><span>973-993-8098</span></a>
(voice)</span></p>
<p class="MsoNormal"><span>Computerworld weekly columnist
(Column archive: <a href="http://www.thecontentfirm.com/weekly-column-on-computerworld" target="_blank"><span>http://www.thecontentfirm.com/weekly-column-on-computerworld</span></a>)</span></p>
<p class="MsoNormal"><span>Moderator for MIT Sloan Management
Review events</span></p>
<p class="MsoNormal"><span>Google Search: <a href="http://lmgtfy.com/?q=Evan+Schuman" target="_blank"><span>http://lmgtfy.com/?q=Evan+Schuman#</span></a></span></p>
<p class="MsoNormal"><span><a href="https://twitter.com/eschuman" target="_blank"><span>https://twitter.com/eschuman</span></a></span></p>
<p class="MsoNormal"><span><a href="http://www.linkedin.com/in/schumanevan/" target="_blank"><span>www.linkedin.com/in/schumanevan/</span></a></span></p>
<p class="MsoNormal"><i><span>Member, Internet Press Guild: <a href="http://netpress.org/" target="_blank"><span>http://netpress.org/</span></a></span></i></p>
</div>
<p class="MsoNormal"><span> </span></p>
<div>
<div>
<p class="MsoNormal"><b>From:</b> Ipg-smz
<a href="mailto:ipg-smz-bounces@netpress.org" target="_blank"><ipg-smz-bounces@netpress.org></a> <b>On Behalf Of </b>Dan
Rosenbaum via Ipg-smz<br>
<b>Sent:</b> Monday, December 23, 2019 1:24 PM<br>
<b>To:</b> <a href="mailto:ipg-smz@netpress.org" target="_blank">ipg-smz@netpress.org</a><br>
<b>Cc:</b> Dan Rosenbaum <a href="mailto:dan@panix.com" target="_blank"><dan@panix.com></a><br>
<b>Subject:</b> Re: [Ipg-smz] Two lumps of "retirement"
coal in my holiday stocking</p>
</div>
</div>
<p class="MsoNormal"> </p>
<p><span>“<span>Either way, the topic of 'what happens to my
retirement accounts when the company goes 'poof'?' may
become an interesting article. “</span></span></p>
<p><span>Well, the direct answer’s easy, although following
through on it will not be.</span></p>
<p><span>There’s government agency called the Pension Benefit
Guaranty Corporation (PBGC) that takes over defined-benefit
pension plans of bankrupt companies. It was formed by the
ERISA Act of 1974. Right now, there are something like 5,000
pension plans being paid out by the PBGC.</span></p>
<p><span>The money doesn’t come from general tax funds. It’s
funded by insurance premiums paid by defined-benefit plan
sponsors, assets of the funds it takes over, and recoveries
from bankrupt pension funders.</span></p>
<p><span>So yeah: company goes away, it sticks a federal
government agency with paying off its pension liability.</span></p>
<p><span> </span></p>
<p><span>d</span></p>
<p><span> </span></p>
<p><span> </span></p>
<p><span> </span></p>
<p class="MsoNormal"> </p>
<div>
<p class="MsoNormal"><b><span>From: </span></b><span>Ipg-smz
<<a href="mailto:ipg-smz-bounces@netpress.org" target="_blank">ipg-smz-bounces@netpress.org</a>>
on behalf of Mark Brownstein via Ipg-smz <<a href="mailto:ipg-smz@netpress.org" target="_blank">ipg-smz@netpress.org</a>><br>
<b>Reply-To: </b><<a href="mailto:ipg-smz@netpress.org" target="_blank">ipg-smz@netpress.org</a>><br>
<b>Date: </b>Monday, December 23, 2019 at 1:14 PM<br>
<b>To: </b><<a href="mailto:ipg-smz@netpress.org" target="_blank">ipg-smz@netpress.org</a>><br>
<b>Cc: </b>Mark Brownstein <<a href="mailto:IPG@brownstein.com" target="_blank">IPG@brownstein.com</a>><br>
<b>Subject: </b>Re: [Ipg-smz] Two lumps of "retirement"
coal in my holiday stocking</span></p>
</div>
<div>
<p class="MsoNormal"> </p>
</div>
<p>I wouldn't be too surprised to find that the states where
these companies were located had the funds in an impound
account or two. I believe that the retirement accounts
established by these companies HAD TO BE maintained separately
from the core businesses, so the funds may still be there,
gathering interest all these years, if you can find them. </p>
<p>Maybe the Social Security Administration can point to to
where these funds are reportedly being held and,
counterintuitively, actually HELP you to find those accounts -
or whatever agency is still holding them for you. </p>
<p>It may take some work, but the reward should be well worth
it. </p>
<p>Either way, the topic of 'what happens to my retirement
accounts when the company goes 'poof'?' may become an
interesting article. </p>
<p> </p>
<p> </p>
<div>
<p class="MsoNormal">On 12/22/2019 1:44 PM, David Needle via
Ipg-smz wrote:</p>
</div>
<blockquote>
<div>
<p class="MsoNormal"> </p>
<div>
<p class="MsoNormal"><br>
I recently applied for social security - yeah, I'm that
old. Sigh. But not retiring. </p>
</div>
<div>
<p class="MsoNormal"> </p>
</div>
<div>
<p class="MsoNormal">Anyway, I just received two letters
from the Social Security Administration headed </p>
</div>
<div>
<p class="MsoNormal"><b>Potential Private Retirement
Benefit Information. </b></p>
</div>
<div>
<p class="MsoNormal"> </p>
</div>
<div>
<p class="MsoNormal">Each one begins: <i>"We are writing
to tell you that you, or the worker whose Social
Security number appears at the top of this form, MAY
be entitled to some retirement benefits from a private
employer .</i></p>
</div>
<div>
<p class="MsoNormal"> </p>
</div>
<div>
<p class="MsoNormal">Long story short, one letter says
there is a "value" of $18,376 in a retirement account
connected to CMP Publications reported in 1998 and the
other lists $34,687 from Computer Currents Publishing
reported in 1996. </p>
</div>
<div>
<p class="MsoNormal"> </p>
</div>
<div>
<p class="MsoNormal">Both of those companies are long gone
so I assume this is just some unresolved accounting by
Social Security. While I don't remember these exacty
figures, I did have a 401K at both companies so I assume
that is what is this is in reference to and the money
isn't actually owed to me or even exists anywhere as I
would have rolled it over long ago. </p>
</div>
<div>
<p class="MsoNormal"> </p>
</div>
<div>
<p class="MsoNormal">Oh well, got excited there for a
minute. </p>
</div>
<div>
<p class="MsoNormal"> </p>
</div>
<div>
<p class="MsoNormal"> </p>
</div>
</div>
<p class="MsoNormal"> </p>
</blockquote>
<p class="MsoNormal">-- Ipg-smz mailing list <a href="mailto:Ipg-smz@netpress.org" target="_blank">Ipg-smz@netpress.org</a>
<a href="http://netpress.org/mailman/listinfo/ipg-smz_netpress.org" target="_blank">http://netpress.org/mailman/listinfo/ipg-smz_netpress.org</a>
</p>
</div>
<br>
<fieldset></fieldset>
</blockquote>
<pre cols="72">--
Tom Henderson
ExtremeLabs, Inc.
+1 317 250 4646
Twitter: @extremelabs
Skype: extremelabsinc</pre>
</div>
-- <br>
Ipg-smz mailing list<br>
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</blockquote></div>
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