Employers have been inundated with information regarding fee disclosure as it relates to their retirement plans over the last several years. One cost that is often overlooked is dealing with lost terminated participants. It is the employer's responsibility to track down these employees so they can be provided the necessary information and notices, as they are still participants in the plan. The problem is, what options do employers have since last year the Internal Revenue Service discontinued its letter-forwarding program to help find lost participants?
The Department of Labor suggests these methods in attempting to locate missing participants who may be due benefits:
Register or login for access to this item and much more
All Employee Benefit Adviser content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access