Each year we seem to have a handful of RMDs for deceased participants. The client tell us they don't have a bene listed on file, neither does the fund family. The client also tells us they do not have a way to track down the family and can't assist. These are typically small plans.
We haven't found a way to force the balance out of the plan and the fund families don't seem to have a process.
Anyone else run into this situation? Thoughts?