Tag: missing participants

Run by state treasurers, the program is intended to help plan sponsors and recordkeepers remedy payments that have been made,...

Industry experts advise that plan sponsors still have significant responsibility, even with help from the Department of Labor.

Berwyn Group CEO John Bikus shares the risks that can arise from incomplete records and suggests best practices to avoid...

The department also provided plan fiduciaries with an option to help manage small benefit amounts owed to missing participants.

The final rule is effective January 1, 2025.

Expected to go live in December, the database is designed to serve as a centralized resource for workers and beneficiaries...

The Department of Labor remains focused on creating a missing participants database, as well as providing guidance on cybersecurity and...

The agency increasingly relies on supplemental funds, despite taking on more responsibilities, such as overseeing SECURE 2.0, according to the...

One key takeaway from a panel discussion about DOL and IRS audits: the occurrence of an audit does not necessarily...

More rigorous approaches may be needed for corporate pension plan sponsors to curtail profligate payments.

Mindy Zatto and Mary Shah, with Strategic Benefits Advisors, discuss how keeping up with pension plan participants’ marital status can...

Failure to find missing participants could disqualify a retirement plan under the tax code and lead to breaches of the...

Among a host of other services, Serco Inc. will operate the Pension Benefit Guaranty Corporation's (PBGC)’s contact center and help...

“As a plan sponsor, if you have an opportunity to deal with lost participants and do something with uncashed checks,...

If there are missing participants that plan sponsors have not made a genuine effort to find, “the entire plan could...

In an open letter asking for more detailed guidance, the ERISA Industry Committee spells out what it says are “examples...

The Plan Sponsor Council of America has heard concerns from its members that they have been or may be subjected...

“Do the Experts have any Treats for us this Halloween, or only Tricks?”

The agency is proposing that termination forms may be filed electronically and that plan sponsors be offered a pre-filing consultation.