What must I do to compel DOL to step in and label a 401K as abandoned

[Guest R Blair]

Software company.

Owners left the country, abandoning the business and 401K

They left no Successor Trustee

Pension Administrator is not helpful because there is no one to bill for the fees.

DOL is slow to help

I need to be named as Successor Trustee as quickly as possible. Is the DOL the only body that can help? Can 100% of plan participants vote to take an action?

Thank you for your help. R. Blair, Sacramento

[david rigby]

That's a nasty spot you're in.

I suggest the PWBA: http://www.dol.gov/dol/pwba/

Especially focus on the "Contact PWBA" link.

Having agreement from the participants might be a good idea, but it will not guarantee anything (this is the government, after all).