4. Lost property -- including lost stock, dividends, and other unclaimed property
This page is one step of our Stock Recovery Process. There is a link to the next step at the end of this page. If you haven't gone through the previous steps to determine which of six HP-related stocks you should have, start here: Employee Stock
Advice and reference info from members. (Updated May 13, 2022.) Website operated by volunteers. Not officially endorsed or supported. Comments: email@example.com
"Potential Private Retirement Benefit" letter from Social Security. If "Type of Benefit" is "A" -- you rolled to a different plan, bought an annuity, or took cash. How to decode and what to do: hpalumni.org/PotentialBenefitLetter.
Almost everyone has some small stray uncashed check somewhere. This is common, even for people who haven't changed their address in decades. For example, one member found an HP-related check that had been mailed to a misspelled street address with an incorrect zip code.
"Unclaimed or 'abandoned' property refers to property or accounts within
financial institutions or companies -- in which there has been no
activity generated (or contact with the owner) regarding the property
for one year or a longer period. After a designated period of
time (called the dormancy period) with no activity or contact, the
property becomes 'unclaimed' and -- by law -- must be turned over to the
For example, if a dividend check is not cashed -- and there are no other transactions initiated by you on the stock account -- by law, the "unclaimed" timer generally starts.
Before escheatment, a financial institution may classify an account as "inactive" -- which may have other consequences before escheatment.
You may be approached by companies claiming to have found money for you -- for example, a private investigator has been contacting ex-EDS folks. There is no need to pay anyone.
You can easily check the public state unclaimed property sites for lost shares, uncashed dividend checks, and other stray money.
Go to the MissingMoney website, operated by the National
Association of State Treasurers, and check
every state or province where you have ever lived, worked,
or had a postal
Be sure to try variations on the spelling of your first and last names.
If you receive a notice of unclaimed property, respond promptly in order to prevent the escheatment of your asset to the state.
For details of a U.S. employer retirement or health plan, obtain a copy of the legal Summary Plan Description ("SPD"). Log into the plan administrator's website or call. They are required by law to provide the SPD upon request. The current SPD takes precedence over any other written, online, or verbal information you may be given -- but is still subject to change. How to use an SPD
Lost stock, dividends, and other unclaimed property
Depending on when and how you acquired HP or HPE stock, you may now have stock in up to six completely separate HP-related companies in various accounts -- or have missed cash payouts.
An HP Alumni team has developed a process to determine what stock you should have and how to find it. hpalumni.org/stock [You will return to this page as a step in the process.]
As with bank accounts, the only sure way to avoid a stock account being declared "dormant" or treated as unclaimed property, is to make direct contact by phone or postal mail with each broker and administrator at least once a year. Otherwise, depending on state laws and the broker or administrator's policies, members report that your stock may be escheated -- turned over to a state as unclaimed property -- which can be very difficult to retrieve.
Even though the name and address on the account are current and you are receiving stockholder notices, members report that neither cashing dividend checks nor accessing your stock accounts online nor being in possession of paper certificates prevents escheatment. You may or may not be sent a postal notice of pending dormancy or escheatment.
1. Check any brokerage you use and with the current stock transfer agent and plan administrator for each stock. See Where's my stock?
2. Check with state unclaimed property sites for every state or province where you have lived or worked, as described above. Also check the state of incorporation and state of corporate headquarters for every employer (DE and CA for HP, DE and TX for EDS, etc.) State of incorporation for each stock is given in HPAA's State and Price table.
See also: Join the HPAA Finance Group Deals with employee stock, 401(k), pensions, and other personal finance issues from an ex-HP/HPE perspective.
If formerly a regular, direct U.S. employee of HP or HPE -- or are in the process of leaving -- join the HP Alumni Association. No charge, thanks to HPAA's Supporting Members.
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