The Department of Labor’s Employee Benefits Security Administration (EBSA) launched the public Retirement Savings Lost and Found Database, an online tool designed to help former participants and beneficiaries find retirement plans that may still owe them benefits.
The database was created as part of the SECURE 2.0 Act of 2022. It allows individuals or their beneficiaries to search for lost or forgotten retirement accounts and receive guidance on how to claim their funds.
As long as the information provided is accurate, this is something that so many of us in the retirement plan space can get behind.
