Helping employees obtain benefits they’ve earned
U.S. DEPARTMENT OF LABOR, EMPLOYEE BENEFITS SECURITY ADMINISTRATION (DOL-EBSA): Improving ability of America’s workers to find lost retirement benefits
EBSA helps over 155 million workers, retirees, and their families who are covered by private employment retirement plans, group health plans, and other welfare benefit plans that together hold approximately $15.2 trillion in assets. Many people are unaware of their retirement savings due to lost contact with previous employers or plan holders. In 2022, Congress enacted the Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0 which required EBSA to establish an online public “lost and found” registry and allow individuals to search for unclaimed retirement savings and benefits.
EBSA successfully launched the “Retirement Savings Lost and Found Database” in December 2024 with a user centered design approach to obtain continuous feedback. Stakeholders were engaged at all phases in this complex project. The site is a centralized location for workers to search for their unclaimed, lost, or forgotten retirement savings and benefits and get information on how to obtain them. EBSA worked with the Department of Treasury and Social Security Administration to obtain critical data. For authentication, the platform uses Login.gov.
- Investment start: 11/2023
- Project status: Inactive
- Transfer status: 100%
- Repayment status: 40%
- Schedule delay: No
- Cost overruns: No
- ARP funding: Yes
- Commercial product: Yes
- Total TMF investment amount: $3,465,000
- TMF spend to date (obligated): $3,465,000