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MonitoringMaryland AG filing · February 28, 2025

Northwest Retirement Plan Consultants Reports 2025 Data Breach

Northwest Retirement Plan Consultants, LLC, based in Maryland, reported a data security incident in February 2025. This breach exposed sensitive personal and financial information, including Social Security Numbers and Retirement Account Numbers, raising significant concerns for individuals whose data was compromised.

State
Maryland
Reported
February 28, 2025

What may have been exposed

  • Full Name
  • Social Security Number
  • Date of Birth
  • Retirement Account Number
  • Financial Institution Routing and Account Details
  • Mailing Address
  • Tax Withholding and Compensation Information
  • Beneficiary Designation Details

Northwest Retirement Plan Consultants, LLC, a Maryland-based financial services company specializing in retirement plan administration, filed a data breach notification in February 2025. The company serves as a custodian for extensive personal and financial data related to employer-sponsored retirement plans.

While the specific details regarding how the breach occurred remain unspecified in public filings, incidents affecting financial administrators often involve unauthorized access to corporate networks or compromised database servers. Such events can allow threat actors to gain access to confidential participant data stored within the company's systems.

The reported data exposure includes highly sensitive categories of information. These comprise Full Name, Social Security Number, Date of Birth, Retirement Account Number, Financial Institution Routing and Account Details, Mailing Address, Tax Withholding and Compensation Information, and Beneficiary Designation Details. This combination of data types presents a substantial risk to affected individuals.

Exposure of such comprehensive personal and financial details can lead to various forms of identity theft and financial fraud. Individuals should be aware of the increased potential for unauthorized account access, fraudulent transactions, or attempts to misuse their identity for credit or tax-related scams. Companies in this sector are typically subject to regulations requiring robust data security to protect client information.

Individuals who receive a notification regarding this incident from Northwest Retirement Plan Consultants, LLC should remain vigilant. It is strongly recommended to regularly review financial statements, credit reports, and retirement account activity for any suspicious or unauthorized transactions. Consider placing a fraud alert or security freeze on your credit files as an additional protective measure.

What to do if you were affected

Based on the categories of information reported in this filing, these steps can help limit the risk of identity theft and fraud.

  • Freeze your credit

    Place a free credit freeze with Equifax, Experian, and TransUnion. A freeze blocks new accounts from being opened in your name and can be lifted anytime.

  • Guard against tax fraud

    File your tax return as early as possible and consider requesting an IRS Identity Protection PIN so no one can file a fraudulent return in your name.

  • Watch your financial accounts

    Review bank and card statements for unfamiliar activity and turn on transaction alerts. Report anything you don't recognize to your bank right away.

  • Stay alert to targeted scams

    Be cautious of calls, texts, or emails that reference this breach. Legitimate organizations won't ask you to confirm sensitive details through an unsolicited message.

  • Keep your notification letter

    Save the notice you received. It documents that your information was involved and is often needed to enroll in any credit monitoring offered or to join a related legal claim.

Source: Maryland Attorney General filing

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