Rep. Seth Magaziner leading effort to reclaim $1.65 trillion in lost retirement benefits

U.S. Representative Seth Magaziner (D-RI) is leading a bipartisan effort to reunite Americans with their lost retirement benefits, totaling approximately $1.65 trillion, sitting in 29.2 million forgotten 401(k) accounts.

In a letter to the Department of Labor (DOL), Magaziner, joined by 37 other members of Congress, urged the agency to create a uniform, nationwide regulation allowing state unclaimed property programs to help individuals reclaim these lost funds. [...] Read full story.