In today’s dynamic job market, people often change jobs after a few years. As a result, many Americans lose track of their retirement savings, which are lying in their old employer-sponsored plans.
Beagle offers a streamlined solution in which users can start tracking their forgotten 401(k)s in just a few minutes. Beagle says that it will “track down all your old 401(k)s for you.”
Identifying Hidden Fees & Why It Matters
However, only finding an old 401(k) is not enough. Many retirement accounts have fees that, over time, reduce your returns.
According to Beagle, the average 401(k) charges around 0.97% or more fees, which can eat up to 28% of your retirement funds in the long term.
If you have multiple small or forgotten accounts, then consolidating them:
✅ Makes oversight simple.
✅ Reduces unnecessary fees.
✅ Can save thousands of dollars.
Rollover Made Easy
Once you identify accounts, the next step is consolidation. Beagle provides a “hassle-free rollover” option where:
- Less paperwork is required.
- Funds can be moved to a current employer plan or IRA.
- The overall process is guided.
Beagle also offers advanced features like automated ETF investment portfolios for users if they roll over their funds into Beagle’s retirement accounts.
Benefits & Considerations for Retirement Savers
| Category | Details |
| ✅ Benefit | Consolidating multiple old 401(k)s increases control and transparency |
| ✅ Benefit | Turnkey service saves time and simplifies paperwork |
| ⚠️ Consideration | Beagle is not free — cost may apply for search, rollover, or advisory tiers |
| ⚠️ Consideration | Every advanced feature (like robo-investing or borrowing) is not ideal for every user |
Final Thoughts
If you have done multiple jobs, employers have frequently changed, or you suspect that retirement money could be lying somewhere, a service like Beagle can be a practical option. It covers these 3 major pain points: locating lost accounts, evaluating fee structure, assisting in rollover into a better retirement vehicle.
But remember:
✔ Check costs.
✔ Compare free alternatives (like state unclaimed-property databases).
✔ And ensure that whatever decision you make is aligned with your long-term retirement strategy.
Take control of your retirement! Track your lost 401(k)s, cut hidden fees, and secure your financial future with Beagle — start now.
