Topic
Missing Participants
23 published works
Inside Jobs
Five New Ways That Plan Fiduciaries May Locate Missing Participants
By Inside Jobs
On January 12, 2021, the Employee Benefits Security Administration (“EBSA”) of the Department of Labor (“DOL”) announced new guidance on a range of issues related to missing participants: In Missing…
Benefits Law Update
DOL Guidance on Missing Pension Plan Participants – Part II
On January 18, we published a blog post regarding new Department of Labor (“DOL”) guidance on missing plan participants. That post is available here, and describes the DOL’s guidance on…
Benefits Law Update
Handling Missing Participants under Code Section 409A
By Suzanne Meeker, SamuelBaldwin@www.employeebenefitsupdate.com
Deferred compensation payments are due to one of your former executives, but the former executive is nowhere to be found. You know that the IRS has strict timing rules for…
Employee Benefits Blog
No Stone Unturned: Locating Missing Participants under the PBGC’s Expanded Program for Terminated Plans
By Maggie McTigue , Sarah L. Engle, Brian Tiemann
The PBGC’s missing participants program, which previously applied only to single-employer defined benefit pension plans, has been expanded to defined contribution plans, multiemployer defined benefit plans and small professional service…
Employee Benefits Blog
Treasury Issues New Guidelines on Searching for Missing Retirement Plan Participants
By Jeffrey Holdvogt, Rick Stepanovic, Maureen O'Brien
The US Department of the Treasury recently issued guidance that retirement plan sponsors should consider as part of their obligation to take reasonable steps to locate missing participants. Specifically, the Treasury issued…
The Retirement Plan Blog
Department of Labor targets retirement plans with missing participants
It’s a familiar story: you or your retirement plan’s third party administrator (TPA) need to make a benefit distribution to an ex-employee. But the employer’s records are out of date…
Inside Jobs
What to Do with Missing Participants: Department of Labor Provides Guidance
By Richard C. Shea, Brady McDaniel
When a defined contribution plan terminates, the plan administrator must distribute participants’ accounts as soon as administratively feasible. However, participants do not always update the plan administrator when their contact…
Compensation & Benefits Blog
New Guidance on Locating Missing Participants for Terminated Defined Contribution Plans
On August 14, 2014, the U.S. Department of Labor (DOL) provided new guidance to plan fiduciaries of terminated defined contribution plans for locating missing and unresponsive participants in order to…
Benefit Notes
Lost Participant? Did you Try Google?
The Employee Benefits Security Administration (EBSA) of the U.S. Department of Labor recently updated its guidance to retirement plan fiduciaries on due diligence and efforts to locate missing participants in…
Employee Benefits Law Report
DOL updates missing participant guidance
By Deb Boiarsky
On Thursday, the Department of Labor issued a Field Assistance Bulletin updating its prior guidance on locating missing participants. As before, the guidance technically only applies in the context of…