<div dir="ltr">Thanks Tom, <div>Yes, I was pondering who on the IPG list might work at an Informa site and could point me somewhere. I'll try Curtis. </div><div><br></div><div>RE: Your thing at Merrill Lynch: "How much is in it? In 2008, it was $11K, I'm told." <br>Definitely worth pursuing. Even in the Bay Area that's more than a few lunches!</div><div><br></div><div>Thanks for the advice. </div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Mon, Dec 23, 2019 at 5:20 PM Tom Henderson via Ipg-smz <<a href="mailto:ipg-smz@netpress.org">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>Informa is the inheritor of the assets. 401k and other plans
should have separate fiduciary. Informa bought United Media's
assets. United bought CMP (and Miller Freeman). It might be that
Curtis Franklin has survived ALL OF THESE, and might have pointers
as to who did what to whom, when. <br>
</p>
<p>Your other assets might be on other missing assets sites. If you
have time and want to surf, try it. <br>
</p>
<p>I have a strange pension plan floating at Merrill Lynch, a
settlement from long ago, I'm told. Eventually I'll get it.... or
my kids will. How much is in it? In 2008, it was $11K, I'm told.
Not much, but a few lunches, eh?</p>
<p>Tom</p>
<p><br>
</p>
<div>On 12/23/19 6:39 PM, David Needle via
Ipg-smz wrote:<br>
</div>
<blockquote type="cite">
<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">
<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>
<a href="mailto:Ipg-smz@netpress.org" target="_blank">Ipg-smz@netpress.org</a><br>
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</blockquote>
</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>
<a href="mailto:Ipg-smz@netpress.org" target="_blank">Ipg-smz@netpress.org</a><br>
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</blockquote></div>