Investment Company to Accept Forced Rollovers

[Guest trumpy]

I have a 401(k) plan that we are terminating. We have paid everyone out except for 3 participants that we have successfully made contact with (via certified mail) but remain unresponsive. They have account balances in excess of $5,000. Per DOL Bulletin 2004-02 I believe we have authority to force these balances out to an IRA. However, I am running into some difficulty locating a company that will open up IRAs for someone without their signature.

I have seen companies that will do this for balances less than 5,000 - are there companies that will do this for balance over 5,000?

Thanks,

trumpy