Missing Participants: What To Do

April 30, 2021 | posted in: Plan Sponsor Corner | by

All too often, retirement plan administrators encounter situations with missing participants or uncashed checks which can lead to significant exasperation. It’s hard to believe that trying to deliver money to someone could yield such frustration, but it happens all too frequently. In an attempt to alleviate some of these woes, and to help ensure that participants and their beneficiaries receive the retirement benefits due to them, the Department of Labor’s (DOL) Employee Benefit Security Administration (EBSA) came out with guidance on on this matter earlier this year. You can read and download their guidance here.