Stay Up to Date with DOL Missing Participant Guidance
The U.S. Dept. of Labor/Employee Benefits Security Administration (DOL) recently updated its Missing Participant guidance related to fiduciary obligations for locating missing or nonresponsive participants and distributing their retirement benefits.
This FREE article, authored by PenChecks Trust® Chief Compliance Officer Mike McWherter, JD, summarizes the three main areas of focus in the updated guidance:
- Field Assistance Bulletin 2021-01
- Compliance Assistance Release 2021-01
- Best practices for pension plans
You’ll learn what the DOL looks for with respect to plan administration and missing participants, and how incorporating best practices into your administrative processes can help avoid a citation for ERISA violations.
To read the article, please complete and submit the form below. You will immediately receive a direct link to the article.
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