National Registry of Unclaimed Retirement Benefits from the BBB
The Better Business Bureau(BBB) has created a National Registry to help locate lost or unclaimed retirement benefits from workplace retirement plans. Unclaimed retirement benefits may occur for a variety of reasons, such as former employees not claiming their retirement money, employers mishandling retirement accounts, or lacking updated contact information for current and former employees.
Searching the Registry
The National Registry provides access to a searchable database of unclaimed retirement benefits. Individuals can use this free service to determine if they or someone they know is owed unclaimed retirement funds. There are four basic steps to search the National Registry:
- Provide Personal Information: Enter your basic personal information such as your name, SSN, and birthday.
- Input Employer Information: Enter any information you can find about prior employers including the names, addresses, and phone numbers.
- Cross-reference Data: The system will search all records in the National Registry to match the information you provided.
- Confirm Your Identity: For added security and to verify your identity, the system may ask for additional information or even a picture of your valid identification.
Retrieving Unclaimed Benefits
Once your identity is confirmed, you will be given instructions on how to proceed with claiming your unclaimed benefits. This process will depend on the type of retirement plan, the plan administrator selected, and the particular requirements of the plan.
Overall, the National Registry of Unclaimed Retirement Benefits is an excellent resource for locating missing retirement funds. If you, or someone you know, are searching for unclaimed retirement funds, utilizing the search system provided by the Better Business Bureau is a great place to start.
§ END OF DOC