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Easier Access to Lost Retirement Savings and Increased Rollover Limits

This act establishes a central, searchable online database to help citizens locate lost retirement savings. It also increases the limit for automatic rollovers of small amounts from retirement plans, making it easier to manage savings even if you change jobs and forget about an old account.
Key points
Creation of an online database, the "Retirement Savings Lost and Found," to help individuals find information about their lost retirement plans.
Increase in the automatic rollover limit for small retirement plan amounts from $5,000 to $6,000, meaning more people will have their funds moved to secure locations instead of remaining in old plans.
Ability to transfer very small, unclaimed benefits (up to $1,000) to a newly established office, which will attempt to contact the participant and help them recover the money.
Introduction of electronic filing requirements for retirement plan reports, aiming to streamline administrative processes and improve data accessibility.
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Expired
Citizen Poll
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Additional Information
Print number: 117_HR_5832
Sponsor: Rep. Bonamici, Suzanne [D-OR-1]
Process start date: 2021-11-03
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Retirement Savings Lost and Found Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5832.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-11-03.

What are the main provisions?

Key points include:

  • Creation of an online database, the "Retirement Savings Lost and Found," to help individuals find information about their lost retirement plans.
  • Increase in the automatic rollover limit for small retirement plan amounts from $5,000 to $6,000, meaning more people will have their funds moved to secure locations instead of remaining in old plans.
  • Ability to transfer very small, unclaimed benefits (up to $1,000) to a newly established office, which will attempt to contact the participant and help them recover the money.
  • Introduction of electronic filing requirements for retirement plan reports, aiming to streamline administrative processes and improve data accessibility.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Bonamici, Suzanne [D-OR-1].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

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