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GAO Report on Workplace Retirement Accounts: Better Guidance and Information Could Help Plan Participants at Home and Abroad Manage Their Retirement Savings
U.S. Government Accountability Office [GAO] 
Mar. 5, 2018
"This report examines key challenges U.S. participants face with: [1] unclaimed retirement accounts in the United States, and [2] complying with U.S. tax reporting requirements on their foreign retirement savings.... GAO recommends Congress consider addressing taxation issues affecting the transfer of retirement assets between plans within the same foreign country. GAO is making seven recommendations, including that DOL issue guidance to help ongoing plan sponsors search for separated participants, and that IRS issue guidance to clarify how U.S. individuals should report foreign retirement savings to the IRS. The agencies generally agreed with GAO's recommendations. IRS disagreed with two of GAO's recommendations." [GAO-18-19, published Jan. 31, 2018, released Mar. 5, 2018]
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