4 Required Search Steps: DOL Issues Updated Guidance for Locating Missing Participants

Financial Professionals:

4 Required Search Steps: DOL Issues Updated Guidance for Locating Missing Participants (PARTNER’S EDGE NEWSLETTER 10.2014)

In mid-August 2014, the Department of Labor (DOL) issued updated guidance for locating missing participants who have an account balance in a qualified defined contribution plan that is terminating. While the fiduciary’s responsibilities for locating missing participants haven’t changed, the guidelines for finding them have.

Plan fiduciaries who have attempted to reach a plan participant using their last known physical address and/or email address unsuccessfully, should proceed as described in these 4 required search steps… READ MORE

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...will deliver options. We are experienced and adaptable retirement professionals, and we work with you in the way that makes the most sense for you and your client. That means we can provide services that range from recordkeeping only to full plan administration, or other services as needed. In addition, our visibility can vary based upon what is right for each relationship.
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