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Unfortunately, many Americans are behind on their saving goals and some have abandoned their retirement accounts altogether.
The government has faced some challenges in gathering data, theAP reported.
But EBSA officials sound hopeful they can build a comprehensive database with the cooperation of plan administrators.
TheRetirement Savings Lost and Found databasewill be another tool to help plans carry out this responsibility.
But the department has run into problems gathering data due to concerns over confidentiality,HR Morningreported.
The IRS has been reluctant to share information with the Labor Department.
The AP recommends the following:
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