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DOL Launches Database for Retirement Savings Lost and Found

PlanSponsor: “The U.S. Department of Labor’s Employee Benefits Security Administration on December 27 launched the public Retirement Savings Lost and Found Database, a tool designed to help America’s workers and beneficiaries search for retirement plans that may still owe them benefits. Created as part of the SECURE 2.0 Act of 2022, the database serves as a centralized location where individuals or their beneficiaries can search for lost or forgotten retirement accounts and receive guidance on how to claim their funds. By inputting personal details such as name and Social Security number, users can locate accounts from previous employers, addressing a persistent challenge in the modern labor market…”

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