Tag: missing retirement plan participants

Missing Retirement Plan Participants Fare Better Than Those Who Cash Out

Despite intense DOL activity surrounding missing retirement plan participants, at least those participants’ retirement savings are preserved, say executives at Retirement Clearinghouse. And, focusing on a solution to retirement plan cashouts may actually help plan sponsors find missing participants.

PBGC Expands Missing Participants Program

Beginning in January, terminating DC plans will have the option of transferring missing participants’ benefits to PBGC instead of establishing an individual retirement account (IRA) at a financial institution.