ESOP Partners

The Department of Labor has launched its new Retirement Savings Lost and Found Database, a tool designed to help retirees locate old retirement accounts.

But here’s the catch:

It’s voluntary for plan sponsors
It only covers terminated participants age 65+
It may create new administrative and data liability concerns

For most plan sponsors, the better question isn’t whether to use the database, but how to prevent participants from becoming “lost” in the first place. Clear communication, strong data practices, and force-out provisions can help protect both participants and the plan itself.

Learn more about what this new tool really means—and why proactive plan management is still the best solution.

DOL’s New Lost & Found Database: What’s True & What’s Hype? DOL’s Lost & Found Database is limited in scope & impact. Find out why proactive ESOP plan management is still the best way to avoid missing participants.