Helps people find their lost retirement money by letting plans send it to state unclaimed property programs.
This bill would make it easier for people to find their unclaimed retirement money. It would let pension plans send these forgotten funds to state unclaimed property programs through a national system. This means your lost retirement savings could be simpler to track down and claim.
Today, pension plans are responsible for finding people with unclaimed retirement money, often holding it or rolling it into IRAs. There's no standard federal way for them to send it to state unclaimed property programs via a national system. After this bill, the Secretary of Labor would create rules. These rules would let plans voluntarily send unclaimed retirement money to state programs through a national clearinghouse. Plans would first have to try to find the owner and send a notice for amounts of $50 or more. This would make it potentially easier for people to recover their funds.
HR 5325 · 119th Congress · September 11, 2025 · AI Summary by gemini-2.5-flash · 8/10
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5 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.