Participant Record Updating?

[Guest fcdeacy]

Is there guidance or any requirements out there that specify what form employers can accept participant address changes, banking information changes, name changes, etc?????

I am looking at how we accept these changes and if simple verification over the phone is adequate especially in light of all the identity theft that is out there.

Thanks,

Fred

[Archimage]

There is none that I am aware of.

[jquazza]

It's probably okay, but you should send confirmation letters to both the new and old address.

[Guest fcdeacy]

Thanks for the feedback!

Fred