36 pages. "[EBSA] is now collecting information from retirement plan administrators in order to establish and maintain the Retirement Savings Lost and Found online searchable database described in section 523 of [ERISA]. This database will help connect missing participants and other individuals who may have lost track of their retirement benefits with retirement plans that may be holding such benefits.

"This information collection request is voluntary. The information being collected is basic information about individuals of a certain age who may be owed benefits under ERISA retirement plans. Specifically, EBSA is requesting the name and social security number of any participant who separated from service, is owed a benefit from the plan, and is age 65 or older. EBSA also is asking for current contact information for the plan administrator so that individuals meeting these characteristics may contact the plan administrator and make an inquiry....

"The Department narrowed the scope of its proposal in response to public concerns that the proposal was overly broad and unnecessarily burdensome. As supported by commenters, the Department is starting its information collection efforts by focusing on information about individuals who are at or near normal retirement age and who are owed a benefit by the plan. This is because such individuals are more likely to benefit sooner from a functioning Retirement Savings Lost and Found database than other age cohorts. Future efforts through notice and comment, however, will be needed to gradually expand the database to fully implement section 523 of ERISA."  MORE >>

"Retirement plan administrators and authorized third parties, such as the plan"s recordkeeper or third-party administrator, may provide information for the Lost and Found.... EBSA is asking for the name and Social Security number of any participant who: [1] separated from service, [2] is owed a benefit from the plan, and [3] is age 65 or older.... First submissions should be made as soon as possible before December 29, 2024, and updated at least annually thereafter.... The template and instructions are available on the Lost and Found website ... [U]pload the completed Excel/CSV file directly with the Lost and Found ... EBSA has taken great care to ensure that participant and beneficiary data submitted to the Lost and Found is secure and confidential.... ERISA section 523(e) explicitly authorizes the Department to collect the 'name and taxpayer identifying number' of affected participants or former participants. State privacy laws often contain an exemption for information provided to government authorities to comply with a regulatory inquiry.... [EBSA] has incorporated design features to address this risk, such as requiring an identity-authenticated account for each Lost and Found user and producing search results related only to that account holder."  MORE >>