Lost and Found Retirement Savings

In 2021, nearly 25 million 401(k) accounts with funds valued at approximately $1.35 trillion were lost.[1] To help this issue, a database will be built and managed at the Department of Labor (DOL), allowing retirement plan participants to search for the contact information of their plan administrator. Applicable plans: ERISA 401(a), 401(k), and 403(b) plans.

[1]  Capitalize/ Bankrate, www.bankrate.com/retirement/how-to-find-lost-401k/