Latest Breaking News On - Wont you come - Page 1 : comparemela.com

To embed, copy and paste the code into your website or blog: By now, you’ve probably read about the Department of Labor s new guidance on locating missing retirement plan participants. And, as you’re probably already aware, missing participants (and beneficiaries) 1 can be a real headache for plan sponsors – delaying both payment of required distributions (payments at normal retirement age, small balance cashouts, required minimum distributions, etc.) and distribution of required plan disclosures (summary annual reports, summaries of material modifications, etc.). The DOL s guidance, issued January 12, 2021, includes a host of best practices (the “Best Practices”) plan sponsors and other fiduciaries can use to locate missing or nonresponsive participants. Unfortunately, not every Best Practice will be appropriate for every plan. In this article, we’ll help you sort through the Best Practices to determine which ones may work best for your plan.

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