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DOL/EBSA | RIN: 1210-AC19 | Publication ID: Spring 2024 |
Title: Plan Reporting for Retirement Savings Lost and Found | |
Abstract:
Section 303 of SECURE 2.0 Act of 2022 amended part 5 of subtitle B of title I of the Employee Retirement Income Security Act of 1974 to require the Department of Labor, not later than 2 years after the date of enactment and in consultation with the Secretary of the Treasury, to create an online searchable database, to be known as the Retirement Savings Lost and Found, that, among other things, allows retirement savers who might have lost track of their retirement plan to search for the contact information of their plan administrator in order to make a claim for benefits owing to the individual under the plan. To advance the Agency’s technical review, EBSA held stakeholder meetings and proposed in the Federal Register an Information Collection Request seeking public comment from a range of interested or affected parties. This project implements a provision in section 303 that provides for the Department to prescribe regulations for the collection of information to carry out the purposes of the Retirement Savings Lost and Found. |
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Agency: Department of Labor(DOL) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Prerule Stage |
Major: Undetermined | Unfunded Mandates: Undetermined |
CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: SECURE 2.0 Act of 2022, sec. 303 29 U.S.C. 1153 ERISA sec. 523 29 U.S.C. 1135 ERISA sec. 505 |
Legal Deadline:
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: Undetermined |
Federalism: Undetermined | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Jeffrey J. Turner Deputy Director, Office of Regulations and Interpretations Department of Labor Employee Benefits Security Administration Room N5669, 200 Constitution Avenue NW, FP Building, Room N-5655, Washington, DC 20210 Phone:202 693-8500 |