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ARTICLE · 03 JANUARY 2025

EBSA To Launch Retirement Savings Lost And Found Database

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The Employee Benefits Security Administration (EBSA) of the U.S. Department of Labor (DOL) has announced that it is collecting voluntary data from retirement plan administrators to populate...

United StatesEmployment and HR
Hall Benefits Law
Hall Benefits Law
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The Employee Benefits Security Administration (EBSA) of the U.S. Department of Labor (DOL) has announced that it is collecting voluntary data from retirement plan administrators to populate its new Retirement Savings Lost and Found database. Section 303 of the SECURE 2.0 Act directs DOL to consult with the Department of Treasury to establish this database by December 29, 2024. The database will consist of an online search tool for workers and beneficiaries to locate administrators for job-based retirement plans that may owe them benefits.

To that end, EBSA is asking retirement plan administrators to voluntarily submit certain data to EBSA for inclusion in the database. Administrators of retirement plans subject to the Employee Retirement Income Security Act (ERISA) can provide the data directly or authorize their third-party administrators or recordkeepers to release it to EBSA. The agency also is requesting that plan administrators promote the database to

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