Abandoned 401(k) Plan in Washington State Gets DOL-Appointed Fiduciary
The plan had been frozen since its sponsor, an aerospace company, closed in 2023.
Tag: abandoned retirement plans
Benefits |
EBSA’s Lisa Gomez Talks DOL 2024 Agenda
The Department of Labor keeps working to implement provisions of 2022’s SECURE 2.0 Act alongside further rules for retirement and...
Independent Fiduciary Appointed to Distribute $1.5M in Abandoned Plans
The plans were abandoned after the plan provider owners took their own lives.
DOL Appoints Independent Fiduciary to Abandoned Plan
Fiduciaries of the Sacred Heart Hospital Profit-Sharing 401(k) Plan failed to administer the plan after the hospital operations ceased in...
DOL Assists Custodians With Cleaning Out Abandoned Plans
When a plan is abandoned, custodians are left holding the assets of the plan, but lack the authority to terminate...