Orphan Sole proprietor Plan-What to do?

[jane123]

We have a few qualified plans ( profit sharing and money purchase plans) established by small business owners, and we are unable to reach them or hear from them. Some for more than 2 years , some less.

Can we escheat these amounts to the State? Or should we send the balance to the DOL( someone though they hears that the second option was available).

Thanks very much

Jane

[david rigby]

You can find previous discussions on orphan plans here:

http://benefitslink.com/boards/index.php?a...highlite=orphan

Here is a DOL Factsheet on orphan plans

http://www.dol.gov/ebsa/newsroom/fsorphanplans.html

Also, try a BenefitsLink search for “orphan”

http://benefitslink.com/search/

[Kirk Maldonado]

Here's a discussion that may be helpful:

http://benefitslink.com/boards/index.php?s...=0entry116836

[No Name]

Here I am. Send me a check. How much was that anyway?