The DOL recently issued Field Assistance Bulletin 2021-01, blessing the PBGC’s Missing Participant Program as an additional method of addressing a perennial issue in 401(k) terminations.
Department of Labor DOL Field Assistance Bulletin 2021-01, blesses PBGC’s Missing Participant Program as an additional method of addressing a perennial issue in 401k terminations – the problem of missing participants and beneficiaries with remaining account balances.